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The peso is the monetary unit of several countries in the Americas and the Philippines. Originating in Spain, the word peso translates to "weight" and uses the peso sign ("$"; "₱" in the Philippines).
The silver peso worth eight reales was also known in English as a Spanish dollar or "piece of eight" and was a widely used international trade coin from the 16th to 19th centuries.
In 1868, Spain discontinued the peso as its main currency and replaced it with the peseta. However, both the peso and the peseta both continued to be legal currencies up until 2002 with the euro.