|peso (ˈpeɪsəʊ, Spanish ˈpeso)|
|—n , pl -sos|
|1.||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|
|2.||the standard monetary unit of Uruguay, divided into 100 centesimos|
|3.||another name for piece of eight|
|[C16: from Spanish: weight, from Latin pēnsum something weighed out, from pendere to weigh]|
the monetary unit of several Latin American countries and the Philippines; it is divided into 100 centavos. The peso was introduced into Spain by the monarchs Ferdinand and Isabella, who reformed the Spanish coinage system in 1497; it did not come into common use, though, until the time of Charles I (the emperor Charles V)
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