The peso is a unit of currency. In Spanish "peso" means weight. It was the main Spanish coin of colonial times and it was worth eight reales. 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. The following articles contain more information (list may not contain all historical pesos): The real was a unit of currency in Spain for several centuries. ... The Spanish dollar or peso (literally, weight) is a silver coin that was minted in the Spanish Empire after a Spanish currency reform in 1497. ... The Spanish dollar or peso (literally, heavy, or pound) is a silver coin which was minted in Spain after a Spanish currency reform in 1497. ...
The Argentine peso (originally established as the nuevo peso argentino or peso convertible) is the currency of Argentina. ... ISO 4217 is the international standard describing three letter codes (also known as the currency code) to define the names of currencies established by the International Organization for Standardization (ISO). ... Chilean notes currently in circulation: 1,000; 2,000; 5,000; 10,000; 20,000 pesos The peso is the currency of Chile. ... The peso is the currency of Colombia. ... A Cuban 3-Peso bill depicting Che Guevara. ... The Cuban convertible peso (ISO 4217 code: CUC) is one of two official currencies in Cuba. ... The peso oro is the base currency of the Dominican Republic. ... The peso is the currency of Mexico. ... The Philippine peso (Filipino: piso) is the official currency of the Philippines. ... The peso (ISO 4217 code: UYU) is the official currency unit of Uruguay. ...
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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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