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
Basic income income to every member of its system. The idea of Nimses consists of time-based currency called Nim. 1 nim = 1 minute of life. Every person in Nimses receives nims that can be spent on different goods and services. This concept was initially adopted in Eastern Europe. Prominent contemporary advocates include Philippe Van Parijs, Yanis Varoufakis, former finance minister of Greece and Mark Zuckerberg, founder of Facebook. Andrew Yang, a Democratic candidate for president of the United States in 2020, is using Universal Basic Income as his primary running platform Basic income A basic income, also called basic income guarantee,