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20PesosMexicanos

The Mexican peso is one of the most well-known peso currencies.

The term peso, translating into "weight" in Spanish, was the name of a coin that originated from Spain, but has now become the name of numerous currencies in several former Spanish colonies. Similar names to "peso" include pataca and peseta.

HistoryEdit

Current statusEdit

Peso map

   Countries currently using the peso.
   Countries that formerly used the peso.

Currently, ten nations and regions used a currency denominated in pesos or similar as an official currency. These are Argentina, Chile, Colombia, Cuba, the Dominican Republic, Macau, Mexico, the Philippines, the Sahrawi Arab Democratic Republic (Western Sahara) and Uruguay. The Mexican peso is currently the most traded peso currency in the world, ranking 12th overall. In 2002, the long-circulated Spanish peseta was replaced by the euro, officially ridding the peso as an official currency in all of Europe. Today, the peso remains limited to the Americas and some of Asia and Africa.

Countries and currencies:

Country Currency ISO 4217 code
Flag of Argentina Argentina Argentine peso ARS
Flag of Chile Chile Chilean peso CLP
Flag of Colombia Colombia Colombian peso COP
Flag of Cuba Cuba Cuban peso CUP
Flag of the Dominican Republic Dominican Republic Dominican peso DOP
Flag of Macau Macau Macanese pataca MOP
Flag of Mexico Mexico Mexican peso MXN
Flag of the Philippines Philippines Philippine peso PHP
Flag of the Sahrawi Arab Democratic Republic Sahrawi Arab Democratic Republic Sahrawi peseta none
Flag of Uruguay Uruguay Uruguayan peso UYU

SymbolEdit

See also: Dollar sign

Most of the currencies denominated in peso or similar have, and currently still do, use the dollar sign after the introduction of the Mexican real. It is believed to have originated from the Spanish coat of arms on piece of eight coins. However, the Philippine peso uses the symbol, ₱. The Chilean peso is noted for its use of the cifrão ($ \mathrm{S}\!\!\!\Vert $) on its currency. Currencies denominated as peseta are often symbolized as ptas. or ₧.

ReferencesEdit

Images to be used in this projectEdit

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