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
Abbasi (currency) 1/200th "abbasi"--"dinar") influenced production of the new currency, the Georgian silver ("kartuli tetri"). Abbasi (currency) ʿAbbāsī was a name applied to gold and silver coins in Iran first issued by the Safavid shah Abbas I (r. 1581–1629). It was in use until the early 20th century. These coins bore no face values and were passed by weight. While the Iranian "abbasi" was also widespread in eastern Georgia, which was under the Iranian sway, the coin soon after also came to be minted at the mint in Tiflis (Tbilisi), where they were colloquially known as "abazi". After the Russian annexation of