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
Shengbao (currency) protruding from the surface as high as those of the other types of Shengbao. These coins were issued in the denominations of 1 wén, 10 wén, 50 wén, and 100 wén. The following cash coins are known to have been cast by the Taiping Heavenly Kingdom: Shengbao (currency) The currency of the Taiping Heavenly Kingdom () consisted of Chinese cash coins and paper money, although the rarity of surviving Taiping paper money suggests that not much was produced. The first cash coins of the Taiping Heavenly Kingdom were issued in the year 1853 in the capital of Tianjing (present day