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 Páez, finalized November 7, 1862 was rescinded in June 1863, and coins already minted were melted down.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
Gold standard Congress on March 3, 1903. Around the same time Mexico and Japan pegged their currencies to the dollar. When Siam adopted a gold exchange standard in 1908, only China and Hong Kong remained on the silver standard. When adopting the gold standard, many European nations changed the name of their currency, for instance from Daler (Sweden and Denmark) or Gulden (Austria-Hungary) to Crown, since the former names were traditionally associated with silver coins and the latter with gold coins. Governments with insufficient tax revenue suspended convertibility repeatedly in the 19th century. The real test, however, came in the form of