Real of Eight – Real de a ocho and Global Currency
Piece of Eight – The First Global Currency – Real de a Ocho It was the first global currency that preceded the British gold pound sterling and also the United States dollar. It was widely used and its hegemony in world trade extended for more than 300 years. Americans relied on his model to develop their own dollar, called the Spanish dollar or Spanish pillar dollar. The political protagonism, the historical projection and the prestige of Spain as a great …