Economic history of Argentina assumed power, inflation was equivalent to an annual rate of 5000%, and output had declined sharply. In 1976, the era of import substitution was ended, and the government lowered import barriers, liberalized restrictions on foreign borrowing, and supported the peso against foreign currencies. That exposed the fact that domestic firms could not compete with foreign imports because of the overvalued currency and long-term structural problems. A financial reform was implemented that aimed both to liberalize capital markets and to link Argentina more effectively with the world capital market. After the relatively stable years of 1976 to 1978, fiscal deficits started
Traders' currency tokens of the Isle of Man Traders' currency tokens of the Isle of Man The traders' currency tokens of the Isle of Man were issued in 1668 and between 1811 and 1831 by various issuers. These tokens have the distinction of being the first Manx currency coins. They are denominated as 1 Penny. There are two types, and they are both extremely rare. The obverse of the Type I piece is inscribed 'HIS PENNY I M' within a beaded circle, and 'IOHN MVRREY 1668'. The reverse of this piece has the Triskelion with spurs at heels within a beaded circle. It is inscribed 'QVOCVNQVE GESSERIS STABIT'.