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The brand new peso originated in the reign of Ferdinand II away from Aragon (1479–1516), and many come across a similarity between one of his royal signs, which had been shed for the expenses, and also the money indication. Specific features for this reason speculated the icon emerged as the an excellent stylistic adaptation for the Arabic numeral 8, even when zero files has emerged that demonstrate 8 being used to help you indicate the brand new Foreign language buck. Their complete name are peso de ocho reales (or “little bit of 8 reales”), and you can, as its term indicates, it had been well worth 8 products of the genuine, the former standard.
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