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
Roman provincial currency Roman provincial currency Roman provincial currency was coinage minted within the Roman Empire by local civic rather than imperial authorities. These coins were often continuations of the original currencies that existed prior to the arrival of the Romans. Because so many of them were minted in the Greek areas of the empire, they were usually referred to until fairly recently as Greek Imperial coinage, and catalogued at the end of lists of coins minted by the Greek cities. When a new region was assimilated into Roman civilization, the continuance of pre-existing local currencies was often allowed as a matter of