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.
Puerto Rico Puerto Rico[a] (pɔrtə ɹikoʊ, Spanish: pwɛrtɔ rikɔ) (Spanish for "Rich Port"), officially the Commonwealth of Puerto Rico (Spanish: Estado Libre Asociado de Puerto Rico, lit. "Free Associated State of Puerto Rico")[b] and briefly called Porto Rico,[c][18][19][20] is an unincorporated territory of the United States located in the northeast Caribbean Sea.