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
History of money circulation in Azerbaijan began to function. Silver coins similar to Alexander the Great coins were minted here. The portrait of Alexander the Great was described on the surface of the coin and on the back side there was a description of Zeus. In the subsequent periods, Selevki, Frakia, Vflnia, Pontus, Bactrian, and Athenian coins were used in Albania's monetary circulation. Beginning in the 2nd century BC, the Roman coins had also been included in the Albanian territory. After the Arab invasion of Azerbaijan in the 7th century, Azerbaijan joined the Caliphate's currency circulation. The first independent money emission of the Republic of Azerbaijan,