Currency of Ecuador new notes in 1870 for 2 and 4 reales and 1 peso.' silver 666 fine silver 900 fine The silver peso of 25.000 g 900 fine was made the monetary unit on November 21, 1871, and it was decimalized November 21, 1873. The issue of 1 and 2 centavo copper coins (minted in Birmingham) was decreed June 8, 1872, and President García Moreno provided that the new coins would be received by the government at the rate of 10 centavos per real or 100 centavos per peso fuerte of 10 reales. This established a legal equivalence between the old money
SWAG (silver, wine, art and gold) prices they can add genuine diversity to an asset portfolio. SWAG (silver, wine, art and gold) SWAG is an asset class comprising silver, wine, art and gold, identified by economist Joe Roseman in his 2011 "Investment Week" article, "SWAG: The Industry's Latest Acronym". He describes these as transportable and easy to store physical assets with no income stream (and so no exposure to income tax) and no incumbent debt, whose performance appears unrelated to the performance of equity markets; and he notes that none of these factors would be affected by sovereign default. Because of their scarcity, desirability, durability and