Describe the currency system of Delhi Sultanate.

The currency system of the Delhi Sultanate, which spanned from the 13th to the 16th century, was a reflection of the political, economic, and administrative developments during this period. The rulers of the Sultanate, particularly those of the early and later dynasties such as the Mamluks, Khaljis, Tughlaqs, Sayyids, and Lodi, implemented a range of monetary policies that played a significant role in the governance of their empire and in shaping the broader Indian economy.

1. Early Delhi Sultanate and the Introduction of Coins

The Delhi Sultanate emerged after the establishment of the Mamluk dynasty by Qutb-ud-Din Aibak in 1206. At the time of its formation, the currency system of the Sultanate was heavily influenced by the monetary practices of the regions under its control. The coinage in the early Delhi Sultanate was primarily based on the existing Indian system, which included a mix of gold, silver, and copper coins. The Sultans maintained a variety of coins for different transactions.

A key feature of the early Delhi Sultanate's currency system was the introduction of Islamic coinage, which began under the reign of Iltutmish (1211–1236). He is credited ______ _____ _______ _______ __________ ______.
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