https://wiki.freecapitalists.org/index.php?action=history&feed=atom&title=AgioAgio - Revision history2026-08-17T16:34:05ZRevision history for this page on the wikiMediaWiki 1.43.9https://wiki.freecapitalists.org/index.php?title=Agio&diff=6655&oldid=prevForgottenman: subcat2010-11-18T16:33:49Z<p>subcat</p>
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</table>Forgottenmanhttps://wiki.freecapitalists.org/index.php?title=Agio&diff=6654&oldid=prevPestergaines: Created initial page.2010-11-11T12:25:11Z<p>Created initial page.</p>
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'''Agio''' (Ital. ''aggio'', exchange, discount, premium), is a term used in [[commerce]] in several slightly different meanings:<ref name="Britannica_Agio">1911 Encyclopædia Britannica. [http://en.wikisource.org/wiki/1911_Encyclop%C3%A6dia_Britannica/Agio "1911 Encyclopædia Britannica/Agio"], from ''WIKISOURCE''. Referenced 2010-11-11.</ref><br />
* The variations from fixed pars or rates of exchange in the currencies of different countries.<br />
* The difference in exchange between two currencies in the same country.<br />
* If [[Coin|coinage]] is [[debased]], the real value can be greatly reduced below the nominal value.<br />
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==Examples==<br />
* When the government of [[Maria Theresa of Austria|Maria Theresa]] decided in 1762 to introduce paper money, the "[[Bancozettel|Bankozettel]]", it was considered so useful, that an '''agio''' of 1-2% was paid on these banknotes against coins. However, increasing emissions of the paper money eroded its value and in 1800 their exchange rate rose to 118 3/8 % against 100 in silver.<ref name="Gaettens_Napoleonic">Richard Gaettens. ''Geschichte der Inflationen Von Altertum bis zum Gegenwart'' (German: History of Inflations from Old Ages to the Present), ''Inflationen im Gefolge der Napoleonischen Kriege'' (Inflations following the Napoleonic Wars) p. 199-212. ISBN: ISBN 3-87045-211-0. Referenced 2010-11-09.</ref> At first, merchants and others would pay 101 to 102 coins to get ''Bankozettel'' in a value of 100 coins. When their value fell, it would take 118 3/8 in paper to get 100 in silver.<br />
* [[England]] in times of Napoleonic Wars stopped to redeem its banknotes for hard money in 1797, until the resumption in 1815, but the "'''disagio'''" was never more than 31%. In 1814 had the [[Bank of England]] less than 1/10 of gold compared to the banknotes in circulation, but their agio to gold was only 9%.<ref name="Gaettens_Napoleonic">Richard Gaettens. ''Geschichte der Inflationen Von Altertum bis zum Gegenwart'' (German: History of Inflations from Old Ages to the Present), ''Inflationen im Gefolge der Napoleonischen Kriege'' (Inflations following the Napoleonic Wars) p. 199-212. ISBN: ISBN 3-87045-211-0. Referenced 2010-11-09.</ref><br />
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==References==<br />
{{Reflist}}<br />
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[[Category:Economic Concepts]]</div>Pestergaines