The 1500 euros represent gold par value.
A monetary system known as the gold standard links the value of a nation's currency or paper money directly to the price of gold. Countries agreed to exchange paper money for a specific amount of gold under the gold standard. A nation that adheres to the gold standard establishes a fixed gold price and buys and sells gold at that rate. The value of the currency is established using that fixed price.
No government presently employs the gold standard. The U.S. and Britain both stopped utilizing the gold standard in 1933, and the remaining elements of the system were officially abolished in 1973.
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