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As such, the brand new Foreign-language peso try the main currency during the time. Its formal name are the newest Spanish peso de ocho reales, “the new silver little bit of eight.” The brand new penny indication is used to express a fraction of a great entire currency device. The new peso began inside reign out of Ferdinand II from Aragon (1479–1516), and several see a resemblance ranging from one of his true royal symbols, that has been throw to your statement, plus the dollars indication.

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