Publisher's Synopsis
Excerpt from A Review of the Economic Position and Liabilities of the Argentine Republic
Bank notes have been in use since 1826, and the value of the paper dollar has ?uctuated immensely in relation to gold. Greater stability in the terms of inter change transactions and payments has been secured by adopting in many cases the system of making contracts for payment in gold, and these contracts have long been both legally and commercially recognised. Every bill or document which contains an obligation to pay in gold can, however, be liquidated by the delivery of its equivalent in paper currency at the rate of exchange ruling at the time of payment.
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