Fals - al-Nāṣir Muḥammad IV

Al-Nāṣir Muḥammad IV reigned for roughly two years before being deposed in 1498, one of the many short-lived sultans who cycled through Mamluk power during the sultanate's terminal decline. By the 1490s the Mamluk fiscal system was under acute strain — Venetian competition and the Portuguese rounding of the Cape of Good Hope were already beginning to strangle the spice trade revenues the sultanate depended on. Copper fals of this period circulated in increasingly debased economic conditions.

His deposition came at the hands of the same Circassian military factions that had placed him on the throne.