bimetallism : Definition, Usages, News and More

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bimetallism


  • n  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

  • Japanese peeped that bimetallism was impossible.
  • The discussion in 1896 came at the end of a long period of decline of prices, during which three international conferences were held to restore bimetallism.
  • Upholding the gold standard, the majority, or Roberts report, urged every nation that can do so to stick to gold, flayed proposals for bimetallism or a return to the silver .

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