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,
Denarius and former Yugoslavia was "dinar", and it is still used in present-day Serbia. The Macedonian currency "denar" is also derived from the Roman denarius. The Italian word "denaro", the Spanish word "dinero", the Portuguese word "dinheiro", and the Slovene word "", all meaning money, are also derived from Latin "denarius". 1 gold aureus = 2 gold quinarii = 25 silver denarii = 50 silver quinarii = 100 bronze sestertii = 200 bronze dupondii = 400 copper asses = 800 copper semisses = 1600 copper quadrantes In the New Testament, the gospels refer to the denarius as a day's wage for