1. Alauddin Khalji
  2. Muhammad Tughlaq
  3. Firuz Shah Tughlaq
  4. Balban
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1 Answers

Option 3 : Firuz Shah Tughlaq

Under Firuz Shah Tughlaq's reign, the billon currency seems to have nearly entirely replaced silver coinage.

  • Firuz Shah Tughlaq was a Sultan of Delhi from 1351 to 1388 AD.
  • He sat on the throne after the death Muhammad bin Tughluq.
  • The long reign of Firoz Shah Tughlaq seems to have established his coinage as a popular medium of exchange.
  • Firuz Shah Tughlaq issued coins in gold, silver, copper, and billon. 
  • Gold, copper, and billon coins issued by him are common, but his silver coins are rare.
  • During his reign, there was a shortage of silver coins in circulation and hence the billon currency seems to have nearly entirely replaced silver coins.

Thus, the correct answer is - Firuz Shah Tughlaq.

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