Currency of Venezuela Currency of Venezuela This article provides a historical summary of the currency used in Venezuela since the end of the 18th century. For the present currency of Venezuela, see Venezuelan bolívar. Peso = 8 Reales (silver) Escudo = 2 Pesos (gold) History Venezuela shared the common Spanish-American monetary system, based on the silver peso and the gold escudo, current throughout Spanish America. Trade, especially in cacao, brought money to the colony in the late 17th century in the form of coin from the Mexico money supply increased significantly after the Compañía Guipuzcoana de Caracas obtained a trade monopoly in 1729,
United States House Committee on Coinage, Weights, and Measures was transferred to the House Committee on Banking and Currency. Under the Legislative Reorganization Act of 1946, the coinage portion of its jurisdiction was also transferred to that committee, while its weights and measures jurisdiction was transferred to the House Committee on Interstate and Foreign Commerce, thus dissolving the committee. The jurisdiction of the Committee on Coinage, Weights, and Measures included the subjects listed in its name: coinage, weights, and measures. The coinage part of the jurisdiction included the defining and fixing of standards of value and the regulation of coinage and exchange. This included the coinage of silver and