noun
- a monetary system using both gold and silver as legal tender at a fixed ratio
Usage: economics; historical
Examples
- The country adopted symmetallism to stabilize its currency using both precious metals.
- Symmetallism was proposed as an alternative to the gold standard in the late 19th century.
- Under symmetallism, both gold and silver coins circulated as legal tender.
- The debate over symmetallism divided economists and politicians for decades.
- Many nations abandoned symmetallism in favor of single-metal standards.
- Symmetallism required maintaining a fixed exchange rate between gold and silver.