the use of one metal only, as gold or silver, as a monetary standard.
the doctrine or actions supporting such a standard.
- mon·o·met·al·list, noun
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
How to use monometallism in a sentence
Her statesmen believed the geologists rather than the panic-stricken financiers, and so she held for gold monometallism.If Not Silver, What? | John W. Bookwalter
She paid it with a rapidity that amazed the world, but in her hour of weakness she consented to gold monometallism.If Not Silver, What? | John W. Bookwalter
Finance was on the carpet in that hour, and bimetallism and monometallism, silver versus gold, were in everyone's mouth.The President | Alfred Henry Lewis
In such a case there is bimetallism de jure, but monometallism de facto.The Principles of Economics | Frank A. Fetter
Thus Japan ultimately drifted into silver monometallism, the silver yen becoming her unit of currency.
British Dictionary definitions for monometallism
the use of one metal, esp gold or silver, as the sole standard of value and currency
the economic policies supporting a monometallic standard
- monometallist, noun
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012