[ বাইমেটালিজাম্ ]noun মুদ্রা তৈরির উপাদান হিসেবে দুই ধাতুর (যথা সোনা ও রুপা) মিশ্রিত ব্যবহার।
bimetallism definition
A monetary system in which two metals, typically gold and silver, are used as legal tender.
bimetallism শব্দটির synonyms বা প্রতিশব্দ
bimetallism Example in a sentence
The bimetallism system simultaneously used gold and silver as legal tender, with fixed exchange rates between them.
The United States adopted bimetallism in the 19th century, with gold and silver coins circulating side by side.
The ratio between the two metals’ values was established by law and the government purchased and minted both metals at that rate.
Bimetallism promoted currency stability and facilitated international trade.
However, maintaining a constant exchange rate between two metals with different market values proved challenging.
Variations in the relative market prices of gold and silver led to imbalances in the monetary system.
Gold became undervalued, leading to its hoarding or export, while silver became overvalued, causing inflation.
The scarcity of gold relative to silver disrupted commerce and undermined confidence in the currency.
The United States abandoned bimetallism in favor of the gold standard in 1900.
Today, bimetallism remains a topic of interest in monetary history and economic policy discussions.