Cryptocurrency Q&A
What was a solidus worth?
What was a solidus worth?
EnchantedNebula
Sun Aug 11 2024
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5 answers
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Could you elaborate on the value of a solidus in historical and economic context? Were there any fluctuations in its worth over time? How did the worth of a solidus compare to other forms of currency during its circulation? Additionally, were there any external factors that influenced its value, such as political stability or economic policies?
5 answers
Michele
Tue Aug 13 2024
Solidus, or "solid coin," was the fundamental unit of the Byzantine monetary system. It represented a significant fraction of gold, specifically 1/72 of a Roman pound. This standardized unit facilitated trade and economic transactions within the empire.
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Elena
Mon Aug 12 2024
The weight of the Solidus remained consistent throughout its use, weighing in at 4.5 grams. This uniformity was crucial for maintaining the value and trustworthiness of the currency.
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SamuraiSoul
Mon Aug 12 2024
Additionally, the Solidus boasted a purity of 24 karats, ensuring that it was composed entirely of gold. This high level of purity further solidified its reputation as a reliable form of currency.
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KimchiChic
Mon Aug 12 2024
The value of the Solidus was reflected in the salaries and stipends of the Byzantine era. For instance, a soldier's annual salary amounted to approximately 12 Solidi, indicating its importance in daily life.
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Eleonora
Mon Aug 12 2024
Similarly, stipends at court began at around 72 Solidi, highlighting the currency's significance in the upper echelons of society. These figures demonstrate the Solidus's widespread acceptance and use.
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