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  • noun

Words related to bimetallism

a monetary standard under which the basic unit of currency is defined by stated amounts of two metals (usually gold and silver) with values set at a predetermined ratio

References in periodicals archive ?
This is one of the reasons why theorists such as Milton Friedman considered a bimetallic standard inherently more stable than a monometallic (gold-based) regime.
The second is that Germany's switch to the gold standard actually relieved the immediate pressure on bimetallism: By increasing the monetary demand for gold, Germany was helping to absorb the vast quantities of gold that were threatening the bimetallic standard.
Founded under the aegis of France in 1865, the union consisted of setting a common bimetallic standard for all member countries and making all coins legal tender throughout the union.
The United States had been officially on the bimetallic standard from 1792; coins of $1 and less were made of silver, coins of $5 and more of gold.
remained on a bimetallic standard, because the silver dollar was still minted on demand in unlimited quantities and was unlimited tender.