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As such, the newest Foreign language peso is the key money at the time. The formal name is actually the new Spanish peso de ocho reales, “the fresh gold piece of eight.” The brand new cent sign is used to talk about a portion of a good whole money device. The brand new peso originated in the reign from Ferdinand II from Aragon (1479–1516), and lots of see a similarity ranging from one of his regal symbols, that has been cast to the expenses, and also the buck indication.
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