A system of coinage in which a unit of currency is pegged to a combination of two or more metals in fixed proportions.


(sɪˈmɛtəˌlɪzəm) or


1. (Banking & Finance) the use of an alloy of two or more metals in fixed relative value as the standard of value and currency
2. (Banking & Finance) the economic policies and doctrine supporting a symmetallic standard
[C19: from sym- + -metallism, on the model of bimetallism]
ˌsymmeˈtallic adj
References in periodicals archive ?
71-2, 328, 423) happen to cite Marshall's suggestion for symmetallism or quote Marshall's Principles rather than his official testimony.
By stabilizing a broad index of prices such a system should provide much more price level stability than a monometallic or bimetallic system; indeed this aspect represents an extended version of Alfred Marshall's (1887) "symmetallism" or Friedman's (1951) "commodity reserve currency"--that is, what one might refer to as "symmetallism on steriods." (8)
This system, proposed by Alfred Marshall, is called symmetallism.