Currency of Uruguay issued a series of notes dated 25 August 1887, printed by Waterlow and Sons: 10, 20, and 50 centésimos and 1, 2, 5, 10, 20, 50, 100, 200, and 500 pesos "moneda nacional oro sellado" (national gold currency). Banco Nacional failed in the financial crisis of 1893. Its outstanding notes were redeemed by the government in 1896. The silver peso, 25·00 g, dated 1877 (300,000 pieces) was 0·917 fine but all subsequent issues were 0·900 fine (0·1 million 1878, 1·1 million 1893, 1 million 1895). The other silver coins, all 0·900 fine, were: 10c, 2·50 g (3 million 1877, 1
Global silver trade from the 16th to 18th centuries to coins in the early period of the Ming Dynasty. The Ming paper currency eventually failed due to self-imposed inflation along with an inability to stop the production of counterfeit bills. The Ming attempted to produce copper coins as a new form of currency, but production was inconsistent. Hence silver became of high value because it was a valid currency that could be processed abroad. The bimetallic ratio of silver to gold was about two to one, which meant that European and Japanese merchants made a large amount of profit. In the 1640s, the bimetallic ratios in China converged with