Stelo - The Speso

The Speso

For Esperantists concerned with international relationships the need for a currency with a fixed purchasing power was very important. To commemorate the 25th anniversary of Esperanto in 1912, the Swiss firm Holy Frères struck coins for the World Esperanto Association — the Speso (plural: Spesoj) — in the denominations spesdeko (10 spesoj), spescento (100 spesoj), spesmilo (1,000 spesoj) and spesdekmilo (10,000 spesoj). The First World War, however, put an end to this initiative.

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