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
Currency lads and lasses Currency lads and lasses Currency lads and lasses (collectively known as currency or the currency) were the first generations of native-born white Australians. They were the children of the British settlers, including convicts, who arrived in the late 18th and early 19th centuries, beginning with the First Fleet in 1788. In the early years of the Colony of New South Wales, the term "currency" was used to refer to any money other than pound sterling, which was the only legal tender. Owing to a shortage of sterling, "currency" circulated freely, but was not always accepted – the term carried implications