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Decline in Gold Coin and Cloth Specie Decrees in France
From Paris March 16 a long conference between the new Archbishop of Cambray and Cardinal de Raban led to a proposed body of doctrine, with bishops signed on March 13 and others withholding. A king’s declaration lowers coin value, ends gold usage, and bans gold and bullion possession by subjects after May next, with exceptions for goldsmiths and limited silver, to curb price inflation and aid trade.
MENTIONED IN THIS ARTICLE
Paris
Cardinal de Noailles
Lis
France
India Company
Sion-Paik
Thea