Monometallism means the use of a single metal, for example gold or silver, as the standard currency (= money used) in a particular country: The country returned to monometallism in 1873. Adopting gold monometallism was seen as a symbol of financial confidence.
Under Bimetallism, both gold and silver coins are standard coins. A ratio is fixed by law between their values, and the ratio is maintained by the currency authority. Coins of each of the two metals are unlimited legal tender.





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