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Eight Reales Restrikes As A Foreign Exchange Asset

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Valued Member

United States
115 Posts
 Posted 08/26/2024  09:28 am Show Profile   Bookmark this topic Add rexvictor to your friends list Get a Link to this Message Number of Subscribers
Hello-It's been quite some time since I last posted but have been trying to catch up by watching this space periodically.

While I eagerly wait to receive my copy of "Counterfeit Portrait Eight-Reales" later this week, I was wondering if there may be another avenue for information on the use of these coins in the international banking system.

Given the volume of eight reales restrikes made in the US for the purpose of trade with China, I think it is reasonable to speculate that large US banks with significant international ties were involved (I think swamperbob has suggested as much here on this forum). Might it be possible that the Export-Import Bank of the United States (as a US government agency) had some involvement as well?

An avenue for more information might be a Freedom of Information Act request through the EXIM Bank Reading Room (https://www.exim.gov/about/foia/exi...ading-room).

Has this been explored yet, to anyone's knowledge?

-rexvictor
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