TIL Desk/National/Ahmedabad/ Taking a dig at Prime Minister Narendra Modi over demonetisation, former finance minister and BJP leader Yashwant Sinha today said even the 14th century sultan of Delhi, Muhammad bin Tughlaq, had implemented note ban 700 years back. Criticising Modi for the controversial move, Sinha said demonetisation had hit the economy to the tune of Rs 3.75 lakh crore.
“There were many ‘shahensha’ (king) who brought their own currency. Some even kept previous currency in circulation while introducing the new one. But, there was a shahenshah 700 years back – Muhammad Bin Tughlaq – who introduced his own (currency) while discontinuing the old currency,” he said at a function here.
“Thus, we can say that demonetisation was done 700 years back. Though Tughlaq is infamous for shifting his capital from Delhi to Daulatabad, he has also done demonetisation,” Sinha said. Tughlaq, who ruled the Delhi Sultanate for a short period of time in the 14th century, was known for his controversial decisions like shifting the capital of the Sultanate from Delhi to Daulatabad and introducing non-precious metal currency.
