Thus the government of the prince regent began its career in the new world with dangerous errors in the financial system; yet the increased activity which a multitude of new customers and the increase of circulating medium gave to the trade of Rio, added a new stimulus to the industry of the whole nation.
For several years gold-dust was a regular circulating medium in the cities as well as in the mining districts of the state.
He arrived at French On account of the scarcity of a circulating medium more than twenty articles were valued and declared legal tender.
As in all new states, the question of a circulating medium was acute during the first half of the '9th century, and state banks were organized, which suspended specie payments in times of financial stringency.