Meaning of “debasement of coinage” in the English Dictionary


"debasement of coinage" in Business English

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debasement of coinagenoun [ U ]

uk us

ECONOMICS a reduction in the value of coins which is made by reducing the amount of pure metal such as gold or silver they contain, done in the past so that more coins could be produced

(Definition of “debasement of coinage” from the Cambridge Business English Dictionary © Cambridge University Press)