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As a result, the brand new Language peso is the main currency at the time. The formal identity are the newest Foreign language peso de ocho reales, “the new gold piece of eight.” The new cent signal is used to share a portion of a good whole money tool. The brand new peso got its start within the reign away from Ferdinand II from Aragon (1479–1516), and many come across a similarity between one of his royal signs, that was shed to your costs, as well as the money sign.

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