Peruvian Libra - History

History

The first libra coins were minted in 1898, to the same standard as the British sovereign (113 grains of pure gold). In 1901, Peru adopted a gold standard based on the libra worth 10 soles. The gold standard was maintained until 1932 (see Peruvian sol for more details). Coins were issued until 1930, banknotes until 1933.

Read more about this topic:  Peruvian Libra

Famous quotes containing the word history:

    Throughout the history of commercial life nobody has ever quite liked the commission man. His function is too vague, his presence always seems one too many, his profit looks too easy, and even when you admit that he has a necessary function, you feel that this function is, as it were, a personification of something that in an ethical society would not need to exist. If people could deal with one another honestly, they would not need agents.
    Raymond Chandler (1888–1959)

    I assure you that in our next class we will concern ourselves solely with the history of Egypt, and not with the more lurid and non-curricular subject of living mummies.
    Griffin Jay, and Reginald LeBorg. Prof. Norman (Frank Reicher)

    No one is ahead of his time, it is only that the particular variety of creating his time is the one that his contemporaries who are also creating their own time refuse to accept.... For a very long time everybody refuses and then almost without a pause almost everybody accepts. In the history of the refused in the arts and literature the rapidity of the change is always startling.
    Gertrude Stein (1874–1946)