Coinage System

A coinage system is a standardized way of using coins as a medium of exchange within an economy. It defines which coins are issued, their denominations, and the metal composition of each. This system helps facilitate trade, ensures consistency, and maintains trust in the currency. By having a clear structure, it supports ease of use, simplifies transactions, and aids in economic stability. Governments typically oversee the coinage system, issuing coins that represent real value and are accepted universally within their jurisdiction.