![]() ![]() This was the monetary system that the Spaniards brought to the New World.ġ502 Copper coins for Santo Domingo ![]() The blanca was a copper coin containing a trace of silver, a type of coin known as billon, vellón in Spanish. ![]() A third standard coin was the blanca, a small coin of 1♱98 g, worth half a maravedí. This reform adopted the excelente (called ducado from 1504) for gold, a copy of the Venetian ducat, 3♵21 g, 23¾ carats fine (3484♴42 mg gold), rated 375 maravedíes. There was also a half, a 3, and a 6-real coin. The standard silver coin became the real of 3♴34 g, 0♹306 fine (3♱95 g silver), rated 34 maravedíes. The maravedí had served as the Spanish money of account since the 11th century, but on Jthe Ordinance of Medina del Campo (site of the great international fairs) made the real the unit of account, with the maravedí defined as a fraction of it (the 34th part). The monetary system of Spanish America, originally identical to that of Spain, soon diverged and took on a distinctive character of its own, which it passed on to the independent nations that followed after.ġ480–1516 Ferdinand and Isabella 1497 Medina del Campo Īfter the Spanish kingdoms were united under Ferdinand of Aragon and Isabella of Castile and soon after the conquest of Granada, the Spanish monetary system was reformed. This great realm was divided into the Viceroyalty of New Spain (capital: Mexico City), which came to include all Spanish territory north of Panama, the West Indies, Venezuela, and the Philippines, and the Viceroyalty of Peru (capital: Lima), which included Panama and all Spanish territory in South America except Venezuela. This article provides an outline of the currency of Spanish America ( las Indias, the Indies) from Spanish colonization in the 15th century until Spanish American independencies in the 19th. ![]()
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