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Bullion and foreign exchanges; Theoretically and practically considered. Followed by a de fence of the double valuation with special ref. to the proposed system of universal Coinage. By Ernest Seyd

Bullion and foreign exchanges; Theoretically and practically considered. Followed by a de fence of the double valuation with special ref. to the proposed system of universal Coinage. By Ernest Seyd

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1868 Excerpt: ...the Republic of St. Domingo Monetary matters are in about the same unsatisfactory state; the value of the Dominican Piastre having been down so low as 3 Farthings. For Exchange transactions with other States hard Dollars are required. In other parts of the West Indies the Moneys of the respective Mother Countries are used side by side with the Dollar. In the Island of St. Thomas, which now belongs to the United States, the American system will probably be introduced. CENTRAL AMERICA. The Monetary Unit of the States of Guatemala, San Salvador, Honduras, Nicaragua, and Costa Rica, is the Peso, or Dollar, divided into 8 Reales of 16 Cuartos, or 34 Maravedis each, or into 100 Centavos. The Gold Coinage consists of the Doubloon and its subdivisions, the Silver Coinage of the Dollar and its subdivisions. These Coin differ in quality from the Mexican pieces. The j Doubloon issued by Costa Rica weighs 6-205 grammes 845 fine. Foreign Coins, notably South American, Mexican and Spanish Dollars, and 5 francs pieces are the principal currency. It is very likely that a reorganisation of the Monetary System will tako place before long. The 5 Francs piece is at present the representative piece, it is valued at a Dollar; computed upon this basis, the Central American Dollar of account is worth 47-580 Pence, or 3s lld. The Exchange in Guatemala on London is generally taken at 5 Dollars per ?, with a premium to make up the difference. Accordingly a premium of about 1 per Cent, makes the Par. SOUTH AMKRICAN REPUBLICS NEW GRANADA, ECUADOR, PERU, BOLIVIA, CHILI, VENEZUELA, AND URUGUAY. The Monetary Unit of the South American Republics is also The Dollar, divided into 100 Cents, or 8 Eeales. The Spanish, Mexican, and other Dollars, and 5 Francs pieces form the larger part of...