1 Tanka - Firuz Shah Tughluq Hadrat Dehli

Firuz Shah Tughluq's later reign was marked by a deliberate retrenchment from the monetary ambitions of his predecessor Muhammad bin Tughluq, whose catastrophic forced token currency experiment in the 1330s had so destabilized exchange that market confidence in Delhi's coinage took decades to recover. Firuz responded with conservative billon issues tied to established weight standards, a policy of stability over innovation.

The "Hadrat Dehli" mint epithet — designating the capital as the august or exalted seat — appears consistently on Firuz's later issues as his physical control over the provinces contracted under pressure from regional governors and Mongol incursions along the northwestern frontier.