debasement of coinage
noun[U]
ukusECONOMICS
areductionin thevalueofcoinswhich is made byreducingtheamountofpuremetalsuch asgoldorsilvertheycontain, done in the past so that morecoinscould beproduced
Examplesofdebasement of coinage
debasement of coinage
A simpler possible explanation for thedebasementofcoinageis that it allowed the state to spend more than it had.
From
This example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.He therefore soon reverted to the old and worse measures, including thedebasementofcoinage, and put an extreme tension on all the springs of the financial system.
FromProject Gutenberg
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