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
Euro gold and silver commemorative coins (Spain) the other in Burgos. Silver 2000-peseta coins have been minted every year since 1994. Each year a €12 silver coin is released to continue this tradition in the new currency. The first of such was in 2002 celebrating Spain’s presidency of the E.U. Each of the participating countries issues a sister coin dedicated to a particular theme. Each coin also depicts the coat of arms of the other countries. The participants are Argentina, Cuba, Ecuador, Guatemala, Mexico, Nicaragua, Paraguay, Peru & Portugal. In 2003 the 5th series was released the theme was "Sailing", this was later followed by the 6th