Debasement
Practice of lowering the intrinsic value of coins
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📌 Topics
- Global Economy (1)
- Monetary Policy (1)
- Geopolitics (1)
🏷️ Keywords
U.S. Dollar (1) · Debasement (1) · Federal Reserve (1) · De-dollarization (1) · National Debt (1) · Reserve Currency (1) · BRICS (1)
📖 Key Information
A debasement of coinage is the practice of lowering the intrinsic value of coins, especially when used in connection with commodity money, such as gold or silver coins, while continuing to circulate it at face value. A coin is said to be debased if the quantity of gold, silver, copper or nickel in the coin is reduced.
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People and organizations frequently mentioned alongside Debasement:
- 👤 Reserve currency (1 shared articles)
- 🏢 BRICS (1 shared articles)
- 🏢 Federal Reserve (1 shared articles)
- 🌐 Government debt (1 shared articles)