ABSTRACT
The monetary reform schemes which we have dealt with so far have been those based on the principle of the unity of the monetary system. Whether or not these reformers favour the linking of the currency to gold, whether or not they favour the adoption of two metals instead of one as a basis of the system, in each case they advocate a single type of currency for each country. Our next step is to examine those proposals which advocate the adoption of a system of dual currencies, whereby the same country would have two different types of currencies which need not be in fixed relationship to each other, and could, therefore, fluctuate in terms of each other.
