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Inside it she claims your symbol are an enthusiastic amalgamation from the newest emails You and S (symbolizing “United states”) to your base of your own You decrease. Their name try peso de ocho reales (otherwise “piece of 8 reales”), and, as the name suggests, it actually was well worth 8 devices of your genuine, the former simple. Whenever The country of spain underwent a great coinage change within the 1497, the brand new buck are introduced since the Spain’s device from currency. Considering a related theory, the new symbol stems from an acronym of peso since the Ps. The usa’ earliest dollars gold coins, minted inside silver inside 1794, not only got the name on the Spanish money but also borrowed the brand new Foreign language dollar’s weight and value.
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