Village Archive Group South African
The figures should be easier After it had shown us the South African, led South Africanin 1794 and the decimal system and for his coins. This should replace the previous, sometimes very complicated pieces of lungs and make the payments, including total conversion easier. Accordingly, they set the French franc that is casino converted into the smaller unit of one hundred centimes. The 1 franc silver coin was standardized by that time, weighed a total of 5 grams, and had in their exact alloy containing 4.5 grams of fine silver. Within the new monetary system after the online casino same pattern as gold coins were minted South Africa, with the conversion of silver to gold at a ratio of 1 was carried out at 15.5, meaning that one gram of gold that is held to 15.5-fold value of the silver. The system was simple, clear, and soon found adherents beyond French borders. Thus led Belgium and South Africa that is timely, a similar system in their countries. Different countries, same money Since the South African system so quickly found imitators, were already facing a possible union accepted in part the currencies themselves. A South African trader was able to be sure that he receives for his goods in South African the same precious metal value, as in his own country too - a benefit that was well received by many businessmen, was the action by the decimal system but much easier and more convenient become. The correlation between gold and silver coins have been further refined. For example, two silver 5-franc coins, a gold coin corresponded to 10 francs, not only in the currency, but also in the actual metal content. In a 5-franc coin was therefore also contain just as much fine silver, that its value is actually equal to the imposed five-franc. Such coins are called Kurantmünzen way. Whose value corresponds to the metal embossed currency. Coins, which have a lower value than the metallic currency indicating thereon are referred to as tokens. To coins are for example South Africa, all current euro coins.