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Argentina's currency board established a fixed pegging of one-to-one parity between the peso and the U.S. dollar. It also guaranteed full convertibility of pesos into U.S. dollars. The government hoped to establish local and international credibility in the peg and to limit the amount of local control over monetary and fiscal policy.
Learn about the history and evolution of the maravedí, the Spanish money of account, and its relation to the real, the escudo, and the peso. See examples of coins minted in Spain and the Americas from the 15th to the 19th century.
Learn about the history, symbol, subunit, and valuation of the Colombian peso (sign: $; code: COP), the currency of Colombia. Find out how the peso is related to the US dollar and other currencies, and how it is used in Colombia and Venezuela.
Learn about the origin and evolution of the Philippine peso, the official currency of the Philippines, from the Spanish peso to the modern banknotes and coins. Find out how the peso symbol "₱" was introduced and how it differs from other pesos in the world.
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From 1905 to 1917, the Danish West Indies used the bit as part of its currency system. In 1904, two new currency denominations were introduced: the bit and francs which were overlaid on the old cent and daler denominations. The four units were related as 5 bits = 1 cent, 100 bits = 20 cents = 1 franc, 100 cents = 5 francs = 1 daler. [4]
Learn about the origin and evolution of the dollar sign ($), a currency symbol used for various currencies around the world. Find out how it relates to the Spanish peso, the Pillars of Hercules, the German thaler, and other possible sources.
Reserve currencies have come and gone with the evolution of the world’s geopolitical order. International currencies in the past have (excluding those discussed below) included the Greek drachma, coined in the fifth century B.C.E., the Roman denarii, the Byzantine solidus and Islamic dinar of the middle-ages and the French franc.