Croesus introduces the first bimetallic coinage
550 BCE* · Event
King Croesus of Lydia issued the first coins of pure gold and pure silver at a fixed ratio (c. 550 BC) - the world's first bimetallic coinage system and a foundation of monetary economics.
On these timelines: Economic History, Master, Persia and Iran
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Around 550 BCE
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- Achaemenid Persian Empire (550 BCE)
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