Monetisation (Noun)
Meaning
Establishing something (e.g. gold or silver) as the legal tender of a country.
Classification
Nouns denoting acts or actions.
Examples
- The monetisation of silver as the official currency was completed by the early 20th century.
- Gold was formally used for monetisation of currency and helped shape global financial markets.
- This 19th-century decree of gold monetisation aimed to replace previous metallic-based currency standards.
- Many believe the forced monetisation of local silver would give regional powers to impose levies.
- International tensions eased as copper became another method for regional countries in its attempt to support metal monetisation as currencies began diversifying from existing markets.