By that time, the weak peso had created a growing tourism boom that had infused the city with new energy.
Third comes the peso convertible, a piece of scrip with a value pegged to that of the dollar.
So almost everyone scrambles to make an extra buck or peso.
As the last year of dollar-peso convertibility wore on, everyone jockeyed to make sure that someone would not be them.
The government's policy of keeping the peso artificially cheap means that wages in dollars are low, checking the inflow.
Earlier this year it tried to halt the appreciation of the peso because of concerns this was curbing exports.
If its new government floats the peso, however, the block could eventually revive.
The budget is in deficit, the current account is near zero, and the peso is overvalued.
His particular charm is the ability to enjoy all of life's creature comforts without paying a peso of his own money.
British Dictionary definitions for peso
/ˈpeɪsəʊ; Spanish ˈpeso/
noun (pl) -sos (-səʊz; Spanish) (-sos)
the standard monetary unit, comprising 100 centavos, of Argentina, Chile, Colombia, Cuba, the Dominican Republic, Mexico, and the Philippines; formerly also of Guinea-Bissau, where it was replaced by the CFA franc
the standard monetary unit of Uruguay, divided into 100 centesimos