On a decimal currency
Citation:
Galbraith, Joseph A. 'On a decimal currency'. - Dublin: Transactions of the Dublin Statistical Society, Vol III Session 6, 1852/1853, pp.1-23Download Item:
Abstract:
In many essays which have lately appeared on the subject of a
decimal currency, the distinction has not been sufficiently observed
which exists between a decimal coinage and a decimal currency;
between a system of coins proceeding by decimal gradations, and a
decimal system of denominations in moneys of account. It cannot
be denied that a coinage founded on such a principle would be most
convenient, if decimal denominations were once adopted; but it
should be clearly understood that any coinage may be used consistently
with a decimal system of accounts, provided that no piece
shall contain a fractional part of the lowest denomination. In the
United States of America, for example, where a decimal system
prevails, the coins in common use are gold pieces of ten dollars, five
dollars, and two and a half dollars, and silver pieces of one dollar,
a half dollar, and a quarter dollar. In France and Belgium, where
accounts are kept according to a decimal system, the gold coinage
consists of pieces of ten francs, twenty francs, and twentyfive
francs; the silver of pieces of five francs, two francs, francs,
half-francs, and quarter-francs, which latter consist of 50 and 25
centimes respectively.
Description:
Read May 16th 1853
Author: Galbraith, Joseph A.
Publisher:
Statistical and Social Inquiry Society of IrelandType of material:
Journal articleCollections
Series/Report no:
Journal of The Statistical and Social Inquiry Society of IrelandVol. III Session 6 1852/1853
Availability:
Full text availableKeywords:
Decimal currency, CoinageISSN:
00814776Metadata
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