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 Centre centre in September 1999, whilst the first banknotes were printed in April 2000; these commenced delivery to banks and retailers in September (coins) and October (banknotes) of 2001. The final Irish coins, based on the Irish pound, were minted in September 2000 and the final banknotes were printed in April 2001. The decision to continue printing euro notes in Dublin when those notes could be printed much more cheaply on existing presses elsewhere was described a colossal waste of money in April 2012. Currency Centre The Currency Centre (also known as the Irish Mint) is the mint of coins and