A morocota is a currency, according to its historical references (which are very rare) it is a North American currency that began to circulate in 1830 in Venezuela, since there was no official currency, they were those of the United States and those of several countries those that were used to do business of buying and selling in the country at that time. The morocota, consists exactly of the coin whose denomination was $ 20, it is a coin manufactured under the following standards: its alloy was 90% gold with 10% copper, giving a purity of 21.6 carats; its pure gold content was 0.9675 troy ounces (equivalent to30.0892 grams of pure gold). This made the $ 20 coin one of the most famous among merchants.
After the separation of Venezuela from La Gran Colombia, the state did not have enough foreign currency to become fully independent, even, they did not have an exclusive currency for the country, so the high rates of corruption with foreign currency led some years later to a struggle, the result of which was a monetary emancipation, beginning with the elaboration of " El Venezolano ", a currency whose failure marked the presentation of " El Bolívar ", a currency currently in circulation in Venezuela. The story goes, that the name of morocota was awarded to him by General José Tadeo Monagas in 1849 since he saw a certain similarity between the round money and a river fish called " Morocoto ".
Later, already in the dictatorial government of Antonio Guzmán Blanco, when the bolívar was already established as the country's official currency, the 100 bolívar coin was called morocota, whose characteristics were sufficiently similar to the " Morocota North America ". This currency was also called " Pachano " referring to the particular surname of the director of the Central Bank of Venezuela at that time, Dr. Jacinto Regino Pachano. Nowadays, the first reference that we have of the morocota is that of stories in which several privileged people have found chests buried with Moroccan treasures, they are automatically credited with a huge fortune, as it is a pure gold of great value, since at present the current circulation coins are manufactured with metallic alloys far from what they were in the past.
