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A country's worth and economic clout was largely to its holdings of gold and silver in the national treasury. Monarchs, despots and even democrats tried to skirt this inviolate law by filing down their coinage or mixing in other substances to make more coins out of the same amount of gold or silver. They were inevitably found out by the traders, money lenders and others who depended on the worth of that currency. This the reason that movies show pirates and thieves biting Spanish dubloons to ascertain the value of their booty and loot.
The advent of paper money during the industrial revolution meant that it wasn't too difficult for a country to alter its amount of money in circulation...
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