Currency of Venezuela liquidated in 1867. It issued notes for "5 pesos sencillos" (face, Spanish) or "5 dollars currency" (back, English), dated January 23, 1865. Treasury issued notes ("billetes de Tesoreria") for 5 pesos under an authorization of January 19, 1869. Venezolano = 100 Centavos (Céntimos, Centésimos) Conversion: 1 venezolano = 1 fuerte (peso fuerte) On March 29, 1871, all coin in circulation, whatever its condition, was declared legal tender so long as one of the two sides was clearly legible, A monetary law of May 11 then established the venezolano of 100 centavos as money of account and adopted the Latin Monetary
Digital gold currency bullion audits, raising concerns that such companies do not maintain a 100% reserve ratio, or that their currency is entirely virtual and not backed by physical gold at all. Due to increase of compliance requirements for payment service providers, Jersey-based GoldMoney decided to suspend its DGC service as from January 21, 2012 Digital gold currency Digital gold currency (or DGC) is a form of electronic money (or digital currency) based on mass units of gold. It is a kind of representative money, like a US paper gold certificate at the time (from 1873 to 1933) that these were exchangeable for