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The new peso started inside leadership away from Ferdinand II from Aragon (1479–1516), and several see a resemblance anywhere between one of his royal signs, which had been cast for the statement, and also the money sign. Some provides thus speculated your icon arose since the a good stylistic variation on the Arabic numeral 8, even if no data files has surfaced that demonstrate 8 being used so you can represent the brand new Foreign-language dollar. Whenever Spain underwent a good coinage reform within the 1497, the brand new buck try brought because the The country of spain’s equipment away from money.
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