Tughlaq Dynasty Coinage

Timeline

1. c. 1320–1325Delhi · DelhiAfter founding the new dynasty, Ghiyas ud-Din Tughlaq minted tanka silver and copper coins inscribed with the sultan's title and the shahada, stabilizing the North Indian monetary system inherited since the Khalji dynasty.
2. 1325–1330Delhi · DelhiAfter accession, Muhammad expanded denominations and inscription variants, preparing the way for the subsequent token currency experiment; his coins circulated across the sultanate's core provinces and major trade-route cities.
3. c. 1329–1330Delhi · DelhiThe sultan ordered the issue of copper and leather tokens to circulate at the face value of precious metals; the reform failed rapidly amid rampant counterfeiting and market rejection, becoming a famous case of medieval state monetary intervention.
4. 1350–1410Delhi Sultanate realm · Delhi SultanateFiruz Shah Tughlaq and his successors restored traditional precious-metal coinage, coin forms became more regular, until the dynasty's decline and absorption into the Sayyid dynasty's coinage system.