who issued the peso?
Salvador Meléndez Bruna
Currencies of Puerto Rico
Salvador Meléndez Bruna
what type of money do they use in puerto rico Foreign and provincial currencies are they comprise of paper money or coins? There was issue of paper money between certain period while only coins circulated in the archipelago. what license did the spanish give? Monetary support decree "situado" what is the latter type of currency you mentioned above? Coins were often ordered by the government in exchange of notes when were these currencies launched? Puerto Rico
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Currencies of Puerto Rico [SEP] Birth of the Puerto Rican peso
In the 19th century, the issuing of "situado" concluded, with two last deliveries of 500,000 and 100,000 between 1809 and 1810. This brought forth a critical economical crisis to Puerto Rico. At the moment, Salvador Meléndez Bruna, the colonial governor in office, ordered the production of provincial paper money. The decree was officially enacted on August 31, 1812. These banknotes used the "peso" being used as equivalent to Spanish "reales". Produced by hand, these banknotes featured quantities in the thousands, with 1 "peso" being worth 8 "reales". Mechanical printing had arrived to Puerto Rico years earlier, but up until 1813, part of the issued notes were being produced by hand and stamped.