Is that the money be valued for purposes other than cash is valued as money, such as cattle, rice, wheat, the main types of money commodity in the monetary systems of modern are those coins made of metal if the state follows a monetary rules (the gold, base silver, base metals) here and the State when issued for this kind of money to take the following steps:
1 - The amount of the value of gold in the unit of currency and can be done one of two ways lead towards the same result: First determine the amount of gold that it contains the second currency unit determine the cash price per unit of gold.
2 - The monetary authorities in the country is ready to buy any amount of metal at a fixed price as specified in the monetary union so as to prevent the decline in the price of gold in the market and thus is not based any person to sell gold at a lower price for the use of non-cash as long as the monetary authorities are ready to buy it at the price specified in the monetary union.
3 - allow the transfer of currency into gold in order to use gold for the purposes of non-cash impact of this is to prevent the price of gold in the market to drop the price of minting gold (ie the price of the currency).
التسميات
Money