Monetary reform refers to changes made to a country's monetary system to improve its economic stability and efficiency. This can involve adjusting the money supply, changing interest rates, or altering the way currency is issued. The goal is often to control inflation, stabilize the currency, and promote economic growth. Historically, monetary reform has been implemented in various countries to address issues like hyperinflation or economic crises. For example, the introduction of the Gold Standard or the establishment of central banks, such as the Federal Reserve, are significant instances of monetary reform aimed at creating a more stable financial environment.