Bimetallism
(714 words)

Bimetallism (double currency) denotes a monetary system (Currency) in which two coin metals circulate as legal tender, with a fixed official rate of exchange between them. In monometallic currencies (Monometallism), establishing the exchange rate was relatively simple: one metal (Gold or Silver) was the currency metal, and Coin of the other metal were valued on the basis of the currency metal in accordance with the gold-silver ratio at the time, which depended on metal prices. In the Holy Roman Empire after the Imperial minting ordinances o…

Cite this page
Schneider, Konrad, “Bimetallism”, in: Encyclopedia of Early Modern History Online, Executive editor of the English edition: Graeme Dunphy. Consulted online on 23 April 2017 <http://dx.doi.org/10.1163/2352-0272_emho_SIM_017666>
First published online: 2015
First print edition: 20160907



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