Currency Act

Japanese: 通貨規制法 - つうかきせいほう（英語表記）Currency Act

A British law enacted in 1764 that ordered colonial assemblies in North America to prohibit the issuance of paper money and to promptly withdraw all paper money already issued. This prevented merchants in the home country from accepting the paper money issued by the colonies, which had depreciated in trade with the colonies. However, for colonies that did not produce precious metals, suffered from overpayments in trade with the home country, and had potential for economic growth, paper money was not only a means of exchange, but also a means of raising funds for economic growth and for war and disaster reconstruction, and was used as legal tender to pay taxes and repay debts.

Source: Heibonsha World Encyclopedia, 2nd Edition Information

Japanese:

北アメリカの植民地議会に対し紙幣発行の禁止と既発行紙幣の急速な回収を命じたイギリスの法律。1764年制定。これにより，本国商人は植民地貿易で下落した植民地発行紙幣の受取りを免れた。しかし，貴金属を産せず，対本国貿易で支払超過に苦しみ，しかも潜在的経済発展力をもっていた植民地にとっては，紙幣は交換手段であるのみならず，その発行は経済発展ならびに戦争や災害復興の資金調達手段であり，法定貨として納税や負債返済手段であった。

出典　株式会社平凡社世界大百科事典第２版について　情報

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