what is the latter type of currency you mentioned above?
Coins were often ordered by the government in exchange of notes
Currencies of Puerto Rico
government often ordered the collection of these coins in exchange for exchange notes.
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"
wiki:21676498
Currencies of Puerto Rico [SEP] The provincial coin
Due to its strategic location, currencies from several countries began circulating in Puerto Rico and used as trade. The government often ordered the collection of these coins in exchange for exchange notes. The first of these took place in 1857, when a royal decree ordered the gathering of "macuquina" coins. These arrived to Puerto Rico in 1813, originally produced by Spain in Venezuela. Due to Spanish manufacture, the exchange notes issued for the "macuquina" featured a 12.5% discount, which left a significant deficit in the government's budget. A decade later, coins were brought from the Dominican Republic to Puerto Rico.