what kind of currency does puerto rico use
Currencies of Puerto Rico
On August 13 , 1898 , the Spanish -- American War ended with Spain ceding Puerto Rico to the United States . The Banco Español de Puerto Rico was renamed Bank of Porto Rico and issued bills equivalent to the United States dollar , creating the Puerto Rican dollar . In 1902 , the First National Bank of Porto Rico issued banknotes in a parallel manner . Two more series were issued until 1913 . After Puerto Rico 's economy and monetary system was fully integrated into the United States ' economic and monetary system , the Puerto Rican dollars were redeemed for those issued by the United States Treasury . The peso and dollar have been followed by other contemporary issues , including commemorative banknotes , private currency , and a quarter coin designed with Fort San Felipe del Morro in the face . 
On August 13 , 1898 , the Spanish -- American War ended with Spain ceding Puerto Rico to the United States . The Banco Español de Puerto Rico was renamed Bank of Porto Rico and issued bills equivalent to the United States dollar , creating the Puerto Rican dollar . In 1902 , the First National Bank of Porto Rico issued banknotes in a parallel manner . Two more series were issued until 1913 . After Puerto Rico 's economy and monetary system was fully integrated into the United States ' economic and monetary system , the Puerto Rican dollars were redeemed for those issued by the United States Treasury . The peso and dollar have been followed by other contemporary issues , including commemorative banknotes , private currency , and a quarter coin designed with Fort San Felipe del Morro in the face .
The Bank of Porto Rico issued bills equivalent to the United States dollar, creating the Puerto Rican dollar.  The peso and dollar have been followed by other contemporary issues, including commemorative banknotes, private currency, and a quarter coin designed with Fort San Felipe del Morro in the face.
The Banco Español de Puerto Rico was renamed Bank of Porto Rico and issued bills equivalent to the United States dollar , creating the Puerto Rican dollar . After Puerto Rico 's economy and monetary system was fully integrated into the United States ' economic and monetary system , the Puerto Rican dollars were redeemed for those issued by the United States Treasury . The peso and dollar have been followed by other contemporary issues , including commemorative banknotes , private currency , and a quarter coin designed with Fort San Felipe del Morro in the face .