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
Kuru Kingdom Kuru Kingdom Kuru () was the name of a Vedic Indo-Aryan tribal union in northern Iron Age India, encompassing the modern-day states of Delhi, Haryana, Punjab, Uttarakhand and the western part of Uttar Pradesh (the region of Doab, till Prayag), which appeared in the Middle Vedic period (c. 1200 – c. 900 BCE) and developed into the first recorded state-level society in the Indian subcontinent. The Kuru kingdom decisively changed the Vedic heritage of the early Vedic period, arranging the Vedic hymns into collections, and developing new rituals which gained their position in Indian civilization as the srauta rituals, which