<P> 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 . </P>
<P> 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 . </P>
what is the money called in puerto rico
what is the money called in puerto rico
Puerto Rican peso
Puerto Rican peso