1. a monetary system based on a single metal, typically gold or silver, as the standard of value
Usage: economics

Examples

• The country adopted monometallism using gold as its monetary standard.
• Monometallism replaced the previous bimetallic system in the late 19th century.
• Economists debated the merits of monometallism versus bimetallism.
• The gold standard was a form of monometallism widely used by many nations.
• Critics argued that monometallism limited monetary flexibility during economic crises.
• The transition to monometallism stabilized currency exchange rates between countries.