Currency depreciation is such a remarkable and curious phenomenon, which as it has been continued and intensified, has left unpleasant and unjust effects on Iran's economy in the monetary transactions (esp. in the long term ones). The present theories had been propounded for currency with its past nature, and also the relative stability of its value, are no longer fulfilling the real needs of this condition. Emphasizing the turning point of the change of the nature of currency in the third phase of issuing bank notes and comparing it with the coins in early Islam, this article explains that mere credit currency, especially in the condition of the severe and constant depreciation of the currency, is a new phenomenon which requires new jurisprudential and legal rules, so that higher assurance and validity are secured in all monetary transactions. Therefore, it is necessary for new theorization, bound up with preservation of the jurisprudential principles and rules, to make this subject known again. It also seeks the basic changes that can cause some revisions in jurisprudential rules for money subject to clarification in an analytical method.
Amin, A. R., & Samavati, A. (2007). Monetary studies and its position in the jurisprudential rules for “Currency Depreciation”. Journal of Economic Essays; an Islamic Approach, 4(8), 122-159.
MLA
Ali Reza Amin; Abbas Samavati. "Monetary studies and its position in the jurisprudential rules for “Currency Depreciation”". Journal of Economic Essays; an Islamic Approach, 4, 8, 2007, 122-159.
HARVARD
Amin, A. R., Samavati, A. (2007). 'Monetary studies and its position in the jurisprudential rules for “Currency Depreciation”', Journal of Economic Essays; an Islamic Approach, 4(8), pp. 122-159.
VANCOUVER
Amin, A. R., Samavati, A. Monetary studies and its position in the jurisprudential rules for “Currency Depreciation”. Journal of Economic Essays; an Islamic Approach, 2007; 4(8): 122-159.
)