ABSTRACT
In France from 1803 to 1870 there were two kinds of full-bodied definitive money, one made of silver and one of gold, and both these metals were freely accepted at the mints for coinage into money. Certain monetary systems was commonly described as the double or bimetallic standard: its purpose was to prevent the country suffering from a shortage of money owing to a failure in supply of one of the metals. In a gold standard country, whatever the exact device in force for facilitating the maintenance of the standard, the quantity of money is such that its value and that of a defined weight of gold are kept at an equality with one another. The gold exchange system has been widely adopted in the monetary legislation of countries with a dependent political status — such as West Africa, Palestine and the Philippines — which is perhaps one reason for its unpopularity with Indian political opinion.
