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
Siege money did not have ready access to official coinage minted by the civil authorities (see Civil War mints). The issuing of money during sieges is not restricted to that period; for example during the Siege of Khartoum (1884–1885) currency in the form of paper money was issued by Governor-General of the Sudan, British Major-General Charles George Gordon. During the Eighty Years War a number of towns and cities issued their own currency (money of necessity), for example during the siege of Leyden (1574), the authorities issued diamond (square) silver coinage struck with a circular die. When silver ran out they used