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
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