Currency of Uruguay moneda national" (peso national currency). The economy picked up after 1876 and the 1880s were a period of prosperity and expansion. Internal peace was achieved in 1884, and there was a heavy influx of foreign capital. The Reus Law of 1887 made it easy to establish new banks (the most important of which was Banco Nacional). While Uruguay's neighbors, Argentina and Brazil, were obliged to use inconvertible paper currency, Uruguay continued to use gold. By 1889 the flow of foreign capital was drying up, and the prices paid for Uruguay's exports were falling. Gold was leaving the country, and Banco
Currency of Venezuela The need for a uniform national coinage was great, but the economic situation was unfavorable and it proved impossible to erect a mint at this time. Foreign coins were given new ratings. The currency in circulation was generally in poor condition, and larger sums were weighed rather than counted. A decree of December 3, 1870 ordered all coins accepted by tale, no matter what their condition, but sellers either continued to weigh coins or else they raised prices. "El Banco de Londres y Venezuela, Limitado" was established at Caracas January 1, 1865 with a capital of £500,000 sterling. It was