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How did the use of standard currency or coins help the economy of the Roman Empire?
Wiki User
∙ 8y ago
Augustus created a new standard currency. There was already a standard currency previously, during the Republic. A standard currency was needed to have a uniform monetary system for payments and for the exchange of goods throughout the empire. Augustus followed an innovation introduced by Julius Caesar. Caesar was the first ruler who introduced coins baring his own portrait. Augustus introduced coins with his own portrait, establishing the tradition of linking the emperor's sovereignty with the issuing of coinage. Subsequent emperors also issued coins with their image. Augustus also reformed the coinage system to rationalise it and make it more fitting with the new economic conditions of the empire.
Wiki User
∙ 10y ago
Wiki User
∙ 8y agoThe Roman coins acted as the common currency throughout the empire, which made commercial exchanges in the various part of the empire easier. In a way, Roman money acted a bit like the Euro acting as a common currency for many European countries.
Wiki User
∙ 13y agoSo that they didn't have to trade animals.
Wiki User
∙ 6y agoIt provided a standard measure and exchange value.
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How did the use of standard currency or Coins helped the economy of the Roman empire?
The Roman coins acted as the common currency throughout the empire, which made commercial exchanges in the various part of the empire easier. In a way, Roman money acted a bit like the Euro acting as a common currency for many European countries.
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