Pesos is the plural type of the Spanish phrase peso, which suggests “weight” or “coin”. It’s the foreign money of a number of international locations, together with Argentina, Chile, Colombia, Cuba, the Dominican Republic, Mexico, and Uruguay. In English, the phrase “peso” is commonly used to confer with the Mexican peso, which is the official foreign money of Mexico.
The peso has a protracted and diverse historical past. It was first launched to the Americas by the Spanish within the sixteenth century. The peso was initially a silver coin, and it was used as foreign money within the Spanish colonies for hundreds of years. After the Spanish-American Warfare, the peso was changed by the US greenback in lots of the former Spanish colonies. Nonetheless, the peso stays the foreign money of a number of international locations in Latin America at the moment.
