Economic history of Argentina rate never went above 10%, and the country largely recovered by 1935. However, the Depression permanently halted its economic expansion. Actually, much like other developing countries, the economy was already in a downturn beginning in 1927, a result of declining prices. Argentina abandoned the gold standard in December 1929, earlier than most countries. For much of the previous period, the country had operated a currency board, in which a body known as the caja de conversión was charged with maintaining the peso's value in gold. The devaluation of the peso increased the competitiveness of its exports and protected domestic production.
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'.