Debasement: Difference between revisions
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imported>Doug Williamson (Create page. Source: Cambridge Dictionary https://dictionary.cambridge.org/dictionary/english/debasement) |
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Latest revision as of 07:44, 13 May 2020
Debasement is the reduction in the value of a currency resulting from increasing its supply.
- "Currency debasement means that the more dollars there are in circulation, the less each dollar is worth."
- Cambridge Dictionary.
Historically, debasement referred to reducing the amount of precious metals in coins of the same nominal value.