Debasement the intrinsic value of the coinage and so more coins can be made with the same quantity of precious metal. If done too frequently, debasement may lead to a new coin being adopted as a standard currency, as when the Ottoman Akçe was replaced by the kuruş (1 kuru = 120 akçe), with the para (1/40 kuruş) as a subunit. The kuruş in turn later became a subdivision of the lira. Debasement Debasement is the practice of lowering the value of currency. It is particularly used in connection with commodity money such as gold or silver coins. A coin is
Japanese currency seventh century, these currencies (alongside other reforms) were based off the Chinese system and were therefore based on the Chinese units of measurement. In modern times the usage of "Fuhonsen" has often been interpreted as charms rather than currency but recent discoveries have uncovered that these copper coins were in fact the first government-made coinage of Japan. Japan's first formal currency system was the "Kōchōsen" (Japanese: 皇朝銭, "Imperial currency"). It was exemplified by the adoption of Japan's first official coin type, the "Wadōkaichin". It was first minted in 708 CE on order of Empress Genmei, Japan's 43rd Imperial ruler. ""Wadōkaichin""