Peso facts for kids
The peso is a type of money used in several countries around the world. Most of these countries were once colonies of Spain. Some of the countries that use the peso today include Argentina, Chile, Colombia, Cuba, Dominican Republic, Mexico, Philippines, and Uruguay.
The word "peso" means 'weight' in Spanish. It was originally a special coin from Habsburg Spain, which was a powerful kingdom long ago. This coin was also known as the "Spanish dollar" and became very important for trade all over the world. Spain brought this money to its colonies and made many pesos in places like Mexico and Peru. Even though Spain stopped using the name "peso" for its own money, many of its former colonies still use it today.
Historically, one peso was worth eight smaller coins called reales. This is why it was often called a "piece of eight." You might have heard this term in pirate stories! The peso was also known as the "thaler" or "Spanish dollar" in many countries. It was so important that it even inspired the design of the first United States dollar and many other silver coins around the world.
Contents
Where Did the Peso Come From?
The peso started as a silver coin in Spain during the time of the Habsburg kings. It was a very strong and trusted form of money. Because Spain had many colonies, especially in the Americas, the peso traveled far and wide. It was made in large amounts in places like Mexico City and Lima, Peru. These coins helped trade happen across oceans and continents.
The Peso Around the World
The Spanish dollar, or peso, became a global currency. This means it was accepted and used for buying and selling goods almost everywhere. It was a common coin in Asia, Europe, and the Americas. For a long time, it was one of the most important coins for international trade. Its design and value were so well-known that many other countries copied it when they made their own money.
Countries That Use the Peso Today
Even though Spain no longer uses the peso, many countries that were once Spanish colonies still do. Each country has its own version of the peso, with different designs and values. For example, Mexico has the Mexican peso, and the Philippines has the Philippine peso. These countries keep the name "peso" as a link to their history and shared past with Spain.
Images for kids
-
A Mexican dollar used as Japanese currency, marked with “Aratame sanbu sadame” (改三分定, “Fixed to the value of 3 bu”), 1859.
-
One peso Treasury Certificate
.jpg)
See also
In Spanish: Peso (moneda) para niños
