what is the money called in puerto rico
Currencies of Puerto Rico The situado was discontinued during the 19th century, creating an economic crisis, as a result of Mexico gaining its independence from Spain. Salvador Meléndez Bruna, the colonial governor in office, ordered the issue of provincial banknotes, creating the Puerto Rican peso. However, printing of these banknotes ceased after 1815. During the following decades, foreign coins became the widespread currency. In the 1860s and 1870s, banknotes reemerged. On February 1, 1890, the Banco Español de Puerto Rico was inaugurated and began issuing banknotes. The bank designed four series and placed three in circulation under Spanish rule. In 1895, a Royal Decree ordered the production of provincial peso coins.
Political status of Puerto Rico The current political status of Puerto Rico is the result of various political activities within both the United States and Puerto Rican governments. Politically, Puerto Rico is an unincorporated territory of the United States, which according to the U.S. Supreme Court's Insular Cases is "a territory appurtenant and belonging to the United States, but not a part of the United States within the revenue clauses of the Constitution."[1][2] The basic question regarding this issue is whether Puerto Rico should remain a U.S. territory, become a U.S. state or become an independent country.