The object of this article is to illustrate that in the eighteenth century there existed-at least in Mexico City-a much more active monetary circulation than was previously thought. To this end, minting levels during that period have been analyzed and a basic difference has been established between coined pieces and their worth. The volume of small currency has received special attention, because this is the currency that circulated in the daily market and was used to fix the prices of foodstuffs as well as to pay daily wages in the capital. In this article, the quantities of small currency have been estimated to be significantly large, which, together with the high volumes of basic goods sold in the city as well as the prices and consumption levels among its inhabitants, has cast doubt over the validity of a shortage of circulating currency during this time period.

El artíículo intenta demostrar que existióó en el siglo XVIII-al menos en la ciudad de Mééxico -una circulacióón monetaria mucho máás activa de la que hasta ahora se ha aceptado. Con ese propóósito se revisan los niveles de acuññacióón y se establece una diferencia báásica entre valor y piezas acuññadas. De manera particular se identifica el volumen de moneda menuda acuññada, claro estáá, porque esta moneda era la que circulaba en los mercados cotidianos, y bajo la cual se fijaban los precios de los comestibles y se pagaban los jornales diarios en la capital. En el artíículo se estiman importantes volúúmenes de piezas de moneda menuda acuññada que junto a los altos volúúmenes de productos báásicos vendidos en dicha ciudad, los niveles de precios y de consumo entre los capitalinos, se pondríía en duda la escasez de circulante.

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