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
Mogadishu currency Mogadishu currency Mogadishu currency was an old coinage system minted by the medieval Sultanate of Mogadishu. In order to facilitate regional trade, the Mogadishu Sultanate began minting its own coins, a move which had the effect of centralizing its commercial hegemony. The currency bears the names of 23 successive Sultans of Mogadishu. Some coins also adopted the style of the extant Fatimid and Ottoman currencies. For trade, the Ajuran Empire minted its own Ajuran currency. It also utilized the Mogadishan currency originally minted by the Sultanate of Mogadishu, which later became incorporated into the Ajuran Empire during the 13th century.