the above place that you mentioned; where is it located?
Province of Spain
Currencies of Puerto Rico
Province of Spain
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 who issued the peso? Salvador Meléndez Bruna who was this person? Colonial governor in office
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Currencies of Puerto Rico [SEP] Introduction
The currencies of Puerto Rico closely follow the historic development of Puerto Rico. As a Province of Spain (Autonomous Community) and a territory of the United States, Puerto Rico was granted the use of both foreign and provincial currencies. Following the Spanish colonization in 1502, Puerto Rico became an important port, with its own supply of gold. However, as the mineral reserves ran empty within the century, the archipelago's economy suffered. The Spanish Crown issued the "Situado Mexicano", which meant that a semi-regular shipment of gold from the Viceroyalty of New Spain would be sent to the island, as a way to provide economic support.