Currency Stabilization

a state’s regulation of monetary circulation, accomplished through measures such as devaluation, currency conversion, deflation, annulment of currency, and revaluation. Currency stabilization is at best temporary and partial in conditions of the general crisis of capitalism, when the monetary systems of the capitalist countries are in constant crisis, the gold standard in collapse, inflationary paper-currency circulation on the rise, and domestic circulation and international payments in profound disorder (seeCURRENCY REFORMS).