A Review of the Economic Position and Liabilities of the Argentine Republic (Classic Reprint)

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Excerpt from A Review of the Economic Position and Liabilities of the Argentine RepublicBank 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.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.