Monetary debasement refers to the action or process of reducing the quality or value of a currency. Traditionally, it was associated with the practice of reducing the precious metal content in coins while maintaining their nominal value, thereby diluting the coins' intrinsic worth. In a modern context, debasement has evolved to mean the reduction in the value or purchasing power of a currency, such as when central banks increase the supply of money, thereby lowering the nominal value of each uni