Metadata
Author: ECB
Data
English[en]
Moreover, the peseta silver standard was a fiduciary standard and not based on value of content, since the intrinsic value of the metal used in the coins was lower than their face value. This same concept is used nowadays on a large scale with banknotes and coins, allowing central banks and Treasuries to make huge profits through seigniorage
Spanish[es]
El patrón plata de la peseta fue, además, un patrónfiduciario y no de pleno contenido porque el valor intrínseco del metal era inferioral valor facial de la moneda, lo mismo que ahora ocurre a gran escala con losbilletes y monedas y permite a los bancos centrales y a los Tesoros realizarpingües beneficios por señoriaje