debasement of coinage


debasement of coinage
debasement of coinage deˌbasement of ˈcoinage noun [uncountable]
a reduction in the value of gold and silver coins, which happened in the past when the coins were dishonestly reduced in weight, resulting in increases in prices

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debasement of coinage UK US noun [U]
ECONOMICS a reduction in the value of coins which is made by reducing the amount of pure metal such as gold or silver they contain, done in the past so that more coins could be produced

Financial and business terms. 2012.

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