Currency of Ecuador and the new. It was further arranged to have Banco del Ecuador import coin based on the French decimal system. García Moreno thus settled the basic problems of Ecuador's currency. In 1877 President Ignacio de Veintimilla authorized the free circulation of coin less than 900 fine, with the immediate result that good quality coin disappeared from circulation, replaced by coin from Chile and Bolivia that was only 500 fine. "Banco del Ecuador" issued notes for 2 & 4 reales and 1, 5, 10, 20, 100, 500 & 1000 pesos. "Banco Nacional", Guayaquil, issued notes briefly in 1871 for 2 and
Demurrage (currency) regional community currency in a part of Bavaria, using a demurrage system. Freicoin is a cryptocurrency, in which demurrage is levied at approximately 5.00% per annum. The ZenVow Project implements a human generated Global Basic Income system using time dependent digital currency that derives from the demurrage system. Where the human average world life expectancy is used as the currencies lifespan and respective derived burn rate. Demurrage (currency) Demurrage is the cost associated with owning or holding currency over a given period. It is sometimes referred to as a carrying cost of money. For commodity money such as gold, demurrage