Currency of Venezuela at the Royal Mint, London: Franco = 2 Reales = 20 Centavos Peso = 5 Francos = 10 Reales = 100 Centavos The monetary law of March 30, 1848 established the French franc ("franco frances"), 5·00 g, 0·900 fine, as the monetary unit of Venezuela. No detailed explanation was provided—presumably, the new government wanted to make a clean break with the policies of the conservative oligarchy ("Oligarquía Conservadora", 1830–1848) that it replaced. A table of coin ratings expressed in francos was published, and the Franco was declared equal to 20-centavos of the copper coins authorized between 1834 and 1842. Liberty-head
Venezuelan venezolano These were followed in 1875 by gold 5 venezolanos and in 1876 by cupro-nickel 1 and 2½ centavos. Banknotes were produced by the "Compañia de Crédito", the "Banco de Caracas" and the State of Guayana. Denominations included 50 centésimos and 1, 2, 4, 5, 8, 10, 20, 50 and 100 venezolanos Venezuelan venezolano The venezolano was the currency of Venezuela between 1872 and 1879. It was divided into 100 "centavos", although the names "céntimo" and "centésimo" were also used. Venezolano was also the name of two currencies planned in 1854 and 1865 (see Currency of Venezuela). Given the inability of