Report of New Copies of the Issuance of Paper Money in Puerto Rico
Documenta & Instrumenta (2014)
Extracted from Documenta & Instrumenta (2014), pp. 195-208, in Spanish.
Abstract: In our paper we present and make a brief discussion of the issuing of paper money (1781) in Puerto Rico under the reign of Charles III (Carlos III), in response to the lack of the “Situado Mexicano” and the war between Spain and England. There was a previous issue of paper money in 1766, due to the lack of the “Situado Mexicano” which was supposed to be received annually in Puerto Rico. Very little is known about the history of both issues, but the issue of paper money in 1766 and this issue of 1781, entitles Puerto Rico to be listed as the first country in Latin America (still under Spanish rule) to issue paper money; also, evidence suggests that rudimentary printing existed on the island 25 years before the commonly accepted date among historians in Puerto Rico (1806).
See also "Spanish Colonial Paper Money in Puerto Rico & New Orleans" (The Numismatist, October 2018), and "Brief Analysis of Colonial Paper Money of Spanish New Orleans, 1782-1796" (Journal of Early American Numismatics, December 2019).