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Johannes Wiegand on Bimetallism and Monetary Stability

IMF Podcasts

CHAPTER

The History of Gold and Silver Currency in the 19th Century

The first country that moved to a gold currency in the modern age was the UK. Historians have been debating the reasons behind this for a long time. One explanation is that simply economies grew so much and you needed more money. The difficulties with higher weight and volume were circumvented by political developments, he says.

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