mint par

Noun

mint par (plural mint pars)

1. (historical) The monetary unit of a country stated in terms of the monetary unit of a second country which uses the same metallic standard.
   • The difficulties which arise when universal coinage schemes are brought forward ought not to conceal from us the solid advantages which such an institution would confer on the world... The question of mint pars would no longer arise, and the specie points would be stated more simply.1885, Charles Francis Bastable, Encyclopaedia Britannica, 9th ed., Vol. XVI, "Money"
   • The equivalent, in terms of one coinage, of the quantity of pure metal contained in another standard coin, both being of the same metal, and taken at mintage weights... Mint pars are given above for Spain, Italy, Portugal, Brazil, Argentina, and Chili, although at present (1895) their actual...1896, R.H.I. Palgrave, Dictionary of Political Economy, Vol. II, "Mint Par of Exchange"

   Synonyms:

   mint par of exchange