Currency of Venezuela 1, 1862. Copper (Birmingham mint) dated 1858–1863: Silver 0·900 fine (Paris mint) dated 1858: The contract with the Paris Mint for coins with the bust of Gen. Páez, finalized November 7, 1862 was rescinded in June 1863, and coins already minted were melted down. Copper 1 and 2 céntesimos, and silver 1/2, 1, 2, 4, and 10 reales had been ordered. About 200 pieces of the 10-reales, 38 mm, 10·000 g, are thought to have survived. Peso fuerte (Venezolano de oro) = 10 Reales (Décimos) = 100 Centavos The monetary law of June 12, 1865 was based on the gold
World currency Habsburg territories. Prior to and during most of the 19th century, international trade was denominated in terms of currencies that represented weights of gold. Most national currencies at the time were in essence merely different ways of measuring gold weights (much as the yard and the meter both measure length and are related by a constant conversion factor). Hence some assert that gold was the world's first global currency. The emerging collapse of the international gold standard around the time of World War I had significant implications for global trade. Before 1944, the world reference currency was the United Kingdom's