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As such, the new Spanish peso is actually the main money at that time. Its authoritative term is the fresh Foreign language peso de ocho reales, “the fresh gold bit of eight.” The brand new cent indication is used to express a fraction of a good whole money tool. The newest peso began inside leadership from Ferdinand II away from Aragon (1479–1516), and some see a similarity between one of his regal icons, which was shed on the statement, and also the dollars sign.

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