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
Russia–Turkey relations Russia–Turkey relations Russia–Turkey relations (; ) is the bilateral relationship between the Russian Federation and the Republic of Turkey and their predecessor states. From the late 16th until the early 20th centuries, relations between the Ottoman and Russian empires were normally adverse and the two powers were engaged in a number of Russo-Turkish wars. However, in the early 1920s, as a result of the Bolshevik Russian government′s assistance to Turkish revolutionaries during the Turkish War of Independence, the governments of Moscow and Ankara developed warm relations. Relations turned sour at the end of WWII as the Soviet government laid territorial