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Peso
The peso is the monetary unit of several countries in the Americas, and the Philippines. Originating in the Spanish Empire, the word translates to "weight". In most countries the peso uses the same sign, "$", as many currencies named "dollar". The sign "₱" is used in the Philippines. The silver ''peso'' worth eight '' reales'' was also known in English as a Spanish dollar or "piece of eight" and was a widely used international trade coin from the 16th to the 19th century. Origin and history 1537–1686 piece of eight The name peso was given to the 8-real silver coin introduced in 1497, minted at 8 pesos to a Castilian mark (230.0465 grams) of silver 134/144 fine (25.56 g fine silver). It was minted in large quantities after the discovery of silver in Mexico, Peru and Bolivia in the 16th century, and immediately became a coin of worldwide importance in international trade between Europe, Asia and North America. Initially the peso was produced in Spanish Latin America in ...
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Argentine Peso
The peso (established as the ''peso convertible'') is the currency of Argentina, identified by the symbol $ preceding the amount in the same way as many countries using peso or dollar currencies. It is subdivided into 100 ''centavos''. Its ISO 4217 code is ARS. The Argentine currency has experienced severe inflation, with periods of hyperinflation, since the mid-20th century, with periodic change of the currency to a new version at a rate ranging from 100:1 to 10,000:1. The peso introduced in 1992 was worth 10,000,000,000,000 (ten trillion) of the pesos in use until 1970. Since the early 21st century, the Argentine peso has experienced a substantial rate of devaluation, reaching over 51% year-on-year inflation rate in 2021. The official exchange rate for the United States dollar commenced at 1:1 at the peso's introduction in 1992; it then hovered around 3:1 from 2002 to 2008, before climbing from 6:1 to 10:1 between 2009 and 2015. In July 2022, the value exchange rate with th ...
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Peso Users Map
The peso is the monetary unit of several countries in the Americas, and the Philippines. Originating in the Spanish Empire, the word translates to "weight". In most countries the peso uses the same sign, "$", as many currencies named " dollar". The sign "₱" is used in the Philippines. The silver ''peso'' worth eight '' reales'' was also known in English as a Spanish dollar or "piece of eight" and was a widely used international trade coin from the 16th to the 19th century. Origin and history 1537–1686 piece of eight The name peso was given to the 8- real silver coin introduced in 1497, minted at 8 pesos to a Castilian mark (230.0465 grams) of silver 134/144 fine (25.56 g fine silver). It was minted in large quantities after the discovery of silver in Mexico, Peru and Bolivia in the 16th century, and immediately became a coin of worldwide importance in international trade between Europe, Asia and North America. Initially the peso was produced in Spanish Latin Amer ...
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Spanish Dollar
The Spanish dollar, also known as the piece of eight ( es, Real de a ocho, , , or ), is a silver coin of approximately diameter worth eight Spanish reales. It was minted in the Spanish Empire following a monetary reform in 1497 with content 25.563 g = 0.822 oz t fine silver. It was widely used as the first international currency because of its uniformity in standard and milling characteristics. Some countries countermarked the Spanish dollar so it could be used as their local currency. Because the Spanish dollar was widely used in Europe, the Americas, and the Far East, it became the first world currency by the late 18th century. The Spanish dollar was the coin upon which the original United States dollar was based (at 0.7735 oz t = 24.0566 g), and it remained legal tender in the United States until the Coinage Act of 1857. Many other currencies around the world, such as the Japanese yen and the Chinese yuan, were initially based on the Spanish dollar and other 8-real c ...
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ISO 4217
ISO 4217 is a standard published by the International Organization for Standardization (ISO) that defines alpha codes and numeric codes for the representation of currencies and provides information about the relationships between individual currencies and their minor units. This data is published in three tables: * Table A.1 – ''Current currency & funds code list'' * Table A.2 – ''Current funds codes'' * Table A.3 – ''List of codes for historic denominations of currencies & funds'' The first edition of ISO 4217 was published in 1978. The tables, history and ongoing discussion are maintained by SIX Group on behalf of ISO and the Swiss Association for Standardization. The ISO 4217 code list is used in banking and business globally. In many countries, the ISO 4217 alpha codes for the more common currencies are so well known publicly that exchange rates published in newspapers or posted in banks use only these to delineate the currencies, instead of trans ...
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Dollar Sign
The dollar sign, also known as peso sign, is a symbol consisting of a capital " S" crossed with one or two vertical strokes ($ or ), used to indicate the unit of various currencies around the world, including most currencies denominated " peso" and " dollar". The explicitly double-barred sign is called cifrão. The sign is also used in several compound currency symbols, such as the Brazilian real (R$) and the Nicaraguan córdoba (C$). The one- and two-stroke version are often considered mere stylistic (typeface) variants, although in some places and epochs one of them may have been specifically assigned, by law or custom, to a specific currency. The Unicode computer encoding standard defines a single code for both. In most English-speaking countries that use that symbol, it is placed to the left of the amount specified, e.g. "$1", read as "one dollar". History Use for the Spanish American peso in the late 1700s The symbol appears in business correspondence in the 1 ...
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Currency Of Spanish America
This article provides an outline of the currency of Spanish America (''las Indias'', the Indies) from Spanish colonization in the 15th century until Spanish American independencies in the 19th. This great realm was divided into the Viceroyalty of New Spain (capital: Mexico City), which came to include all Spanish territory north of Panama, the West Indies, Venezuela, and the Philippines, and the Viceroyalty of Peru (capital: Lima), which included Panama and all Spanish territory in South America except Venezuela. The monetary system of Spanish America, originally identical to that of Spain, soon diverged and took on a distinctive character of its own, which it passed on to the independent nations that followed after. 1480–1516 Ferdinand and Isabella 1497 Medina del Campo Real (R) = 34 Maravedíes (mrs) After the Spanish kingdoms were united under Ferdinand of Aragon and Isabella of Castile and soon after the conquest of Granada, the Spanish monetary system was reformed. Th ...
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Philippine Peso Sign
The Philippine peso sign (₱) is the currency symbol used for the Philippine peso, the official currency of the Philippines. The symbol resembles a Roman letter P with two horizontal strokes. It differs from the currency symbol used for the peso in Latin America, which is " $". History The Philippine peso sign was introduced by ''Executive Order No. 66'' of the United States colonial government on August 3, 1903. The sign, in capitalized Roman letter P with two parallel lines "passing through and extending slightly beyond loop at right angle to shaft or stem", was decreed to be used "by all officials as the designation of the new Philippine peso to differentiate it from the $ mark for United States currency and the pesos of Spain..." This sign was chosen by Charles Edward Magoon, acting chief of the Bureau of Insular Affairs, and was approved by Governor William H. Taft. Encoding The peso is usually denoted by the symbol "₱". This symbol was added to the Unicode stand ...
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Philippine Peso Fuerte
The Philippine peso fuerte (Spanish "Strong Peso" sign: PF) was the first paper currency of the Philippines and the Spanish East Indies during the later Spanish colonial period. It co-circulated with other Spanish silver and gold coins and was issued by El Banco Español Filipino de Isabel II (currently Bank of the Philippine Islands). The banknotes were convertible to either silver pesos or gold coins at the bank's discretion. The colonial government at the time allowed El Banco Español-Filipino to issue pesos fuertes up to one-fourths of its subscribed capital, or a maximum of PF 100,000, which was subsequently raised to 300,000 in 1855. El Banco Español-Filipino began issuing peso fuerte notes on May 1, 1852. As of the end of the 19th century its circulating volume of 1,800,000 pesos was small relative to about 40,000,000 silver pesos in circulation. See History of Philippine money. The currency was replaced by the modern peso in 1903. In the beginning of the 20th century an ...
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Bank Of The Philippine Islands
Bank of the Philippine Islands ( fil, Bangko ng Kapuluang Pilipinas, es, Banco de las Islas Filipinas, commonly known as BPI; ) is a universal bank in the Philippines. It is the first bank in both the Philippines and Southeast Asia. It is the fourth largest bank in terms of assets, the second largest bank in terms of market capitalization, and one of the most profitable banks in the Philippines. The bank has a network of over 900 branches in the Philippines, Hong Kong and Europe, and more than 3,000 ATMs and CDMs (cash deposit machines). BPI was founded during the Spanish colonial era of the Philippines as El Banco Español Filipino de Isabel II. It provided credit to the National Treasury and printed and issued the Philippine peso fuerte, a precursor to today's Philippine peso. History Colonial period BPI was established on August 1, 1851, as the "El Banco Español Filipino de Isabel II" (), named after the Queen of Spain, Isabella II, the daughter of King Ferdinan ...
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United States Dollar
The United States dollar (symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, its ...
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Spanish Peseta
The peseta (, ), * ca, pesseta, was the currency of Spain between 1868 and 2002. Along with the French franc, it was also a ''de facto'' currency used in Andorra (which had no national currency with legal tender). Etymology The name of the currency originally comes from ''peceta'', a Catalan diminutive form of the (Catalan) word ''peça'' (lit. ''piece'', i.e. a coin), not from the Spanish ''peso'' (lit. ''weight''). The word ''peseta'' has been known as early as 1737 to colloquially refer to the coin worth 2 ''reales provincial'' or of a peso. Coins denominated in "pesetas" were briefly issued in 1808 in Barcelona under French occupation; see Catalan peseta. Symbol Traditionally, there was never a single symbol or special character for the Spanish peseta. Common abbreviations were "Pta" (plural: "Pts), "Pt", and "Ptas". A common way of representing amounts of pesetas in print was using superior letters: "Pta" and "Pts". Common Spanish models of mechanical type ...
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