Currency of Uruguay issued a series of notes dated 25 August 1887, printed by Waterlow and Sons: 10, 20, and 50 centésimos and 1, 2, 5, 10, 20, 50, 100, 200, and 500 pesos "moneda nacional oro sellado" (national gold currency). Banco Nacional failed in the financial crisis of 1893. Its outstanding notes were redeemed by the government in 1896. The silver peso, 25·00 g, dated 1877 (300,000 pieces) was 0·917 fine but all subsequent issues were 0·900 fine (0·1 million 1878, 1·1 million 1893, 1 million 1895). The other silver coins, all 0·900 fine, were: 10c, 2·50 g (3 million 1877, 1
Digital gold currency each of which provides a system that enables users to pay each other in units that hold the same value as gold bullion. These competing providers issue a type of independent currency. Proponents claim that DGC offers a truly global and borderless world currency system which is independent of exchange rate variations and political manipulation. Gold, silver, platinum and palladium each have recognized international currency codes under ISO 4217. Unlike fractional-reserve banking, DGCs hold 100% of clients' funds in reserve as gold, silver, and/or platinum, which can be exchanged via digital certificates. Proponents of DGC systems say that deposits are