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Roman currency names survive today in many countries via the Carolingian monetary system, such as the dinar (from the denarius coin), the British pound (a translation of the Roman libra, a unit of weight), the peso (also a translation of libra), and the words for the general concept of money in the Iberian Romance languages (e.g. Spanish dinero ...
Debasement lowers the intrinsic value of the coinage and so more coins can be made with the same quantity of precious metal. If done too frequently, debasement may lead to a new coin being adopted as a standard currency, as when the Ottoman akçe was replaced by the kuruş (1 kuruş = 120 akçe), with the para (1/40 kuruş) as a subunit.
Starting with Nero in 64 AD, the Romans continuously debased their silver coins until, by the end of the 3rd century AD, hardly any silver was left.. A predecessor of the denarius was first struck in 269 or 268 BC, five years before the First Punic War, [3] with an average weight of 6.81 grams, or 1 ⁄ 48 of a Roman pound.
Carolingian denarius (Denier) The Carolingian monetary system, also called the Carolingian coinage system [1] or just the Carolingian system, [2] was a currency structure introduced by Charlemagne in the late 8th century as part of a major reform, the effects of which subsequently dominated much of Europe, including Britain, for centuries.
A Münzfuß (lit. ' coin foot ' or ' mint foot ') is an historical term, used especially in the Holy Roman Empire, for an official minting or coinage standard that determines how many coins of a given type were to be struck from a specified unit of weight of precious metal (the Münzgrundgewicht or coin base weight).
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An ancient Roman document called the Historia Augusta (of generally low reliability) refers to silver coins named after an Antoninus on several occasions (several Roman emperors in the late 2nd and early 3rd centuries bore this name). Because Caracalla's silver coin was a new issue, and he had taken Antoninus as part of his imperial name, an ...
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