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While the Foreign language peso explanation is the most commonly recognized source, there were almost every other theories planning to explain how dollars icon came about. Once the original U.S. money papers is awarded inside 1875, the new ” icon try ubiquitous and provided for the report notice. It provided way to the newest “Ps” discussed a lot more than, and eventually the new money symbol as we know they today. Its official label are the fresh Foreign-language peso de ocho reales, “the brand new silver piece of eight.” “The brand new money very first became a symbol of Foreign-language imperial you’ll and you will up coming eventually from American energy and you can term.”

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