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Encyclopedia > Pesos

Peso is the name of the currency of various countries:

In Spanish "peso" means weight. Spanish is – or was, in the case of the Philippines – spoken in all these countries. The main Spanish coin of colonial times was a piece worth eight reales. This is the famous "piece of eight" and later became called the peso. The peso coin weighed 27 grams and was of 92 per cent pure silver. It was the template for the coins of the United States and one silver dollar equaled exactly one peso.


Spanish pesos circulated throughout the European colonies in the Americas. They were also later used in the independent United States, where they continued to be legal tender until they were demonetized in 1857.


Portuguese-speaking Guinea-Bissau previously used pesos (GWP) prior to adopting the CFA franc (XOF) upon accession to the West African Economic and Monetary Union (UEMOA) on 1 May 1997.


  Results from FactBites:
 
Peso - Wikipedia, the free encyclopedia (150 words)
This is the famous Spanish dollar or "piece of eight" and later became called the peso.
The peso coin weighed 27 grams and was of 92 per cent pure silver.
It was the template for the coins of the United States and one silver dollar equaled exactly one peso.
Philippine peso - Wikipedia, the free encyclopedia (2596 words)
The Philippine peso (Filipino: piso) is the official currency of the Philippines.
PNB notes were printed in 1916 in 2, 5 and 10-peso denominations, followed by a one-peso denomination in 1918, the twenty-peso denomination in 1919 and the fifty and one hundred-peso denominations in 1920.
The peso has been a floating currency ever since, which means that the currency is a physical representation of the domestic debt and whose value directly tied to people's perception of the stability of the current regime and its ability to repay the debt.
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