Evening Republican, Volume 23, Number 212, Rensselaer, Jasper County, 2 September 1920 — Trade Dollars Coined In Italy. [ARTICLE]

Trade Dollars Coined In Italy.

A silver dollar is now being coined by the Italian government especially for its trade in the African colony of Eritrea and it is likely that this new dollar will become the medium of trade all around the Red sea. For 100 years the most widely used coin in the Red sea district has been the Austrain Marie Theresa dollar, of which about 200,000,000 were in circulation there at the beginning of the war. It is estimated that at least one-third of these have been melted down in the last seven years. The new Italian dollar greatly resembles the” Marie Theresa dollar, because the Arabs are so conservative that any radical change would have prevented its introduction.