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The brand new peso got its start inside reign of Ferdinand II away from Aragon (1479–1516), and lots of come across a similarity ranging from one of his true royal symbols, which was shed to your statement, and the buck sign. Certain features hence speculated the icon emerged because the a great stylistic variation to the Arabic numeral 8, even if no files has surfaced that show 8 getting used to represent the newest Foreign-language buck. Their name are peso de ocho reales (or “piece of 8 reales”), and you may, as the identity means, it had been well worth 8 devices of your own actual, the previous simple.
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