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As such, the fresh Foreign language peso are the primary currency at that time. Its authoritative name are the brand new Spanish peso de ocho reales, “the new gold bit of eight.” The newest penny indication is employed to express a fraction of an excellent whole currency tool. The new peso started inside the rule out of Ferdinand II from Aragon (1479–1516), and many see a similarity between one of his true royal symbols, that has been shed to the statement, and also the buck indication.

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