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
Europa (currency) Europa (currency) The europa was a token coinage created in 1928 by Joseph Archer, a politician and industrialist from the Nièvre region of France. The currency was promoted by Philibert Besson, the elected deputy for the Haute-Loire who, along with Archer, was an important figure in the early European federalist movement. The coins were minted in the name of a hypothetical "Federated States of Europe" ("États Fédérés d'Europe"). Unlike contemporary currencies that were based on the gold standard, the europa derived its notional value from labour. The currency never circulated except unofficially between federalists of the Nièvre region. Two denominations