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
Feodosia Money Museum Feodosia Money Museum The Feodosia Museum of Money ( is a currency museum in Feodosia, Crimea. It was established on July 15, 2003. The opening ceremony took place on August 22, 2003. The activities of the Feodosia Museum of Money are aimed at the study and popularization of the knowledge relating to coin-striking in Feodosia. July 31, 2005 saw the solemn inauguration of the so-called “safe-room” in the Feodosia Museum of Money. On display in this room is money minted and printed in Feodosia from antiquity up to the present day, along with the currency samples that used to be