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The most extensively approved theory lines the newest money symbol’s origins to your Foreign language peso, and therefore all you pirates available will know while the “bits of eight.” The new Language peso is actually a prominent currency from the Americas throughout the the new colonial era, and you can are approved as the very first tool useful within the colonial The usa in the later 1700s. Particular have therefore speculated your $ icon emerged as the an excellent stylistic variation on the Arabic numeral 8, even though zero data files features emerged that demonstrate 8 being used so you can represent the fresh Foreign language dollar. Their name try peso de ocho reales (or “bit of 8 reales”), and you will, as its term suggests, it had been worth 8 devices of one’s real, the previous simple. When Spain undergone a coinage reform inside 1497, the brand new dollar try introduced because the The country of spain’s equipment out of currency. By the close relationship between them currencies, chances are high if the an icon existed on the Foreign language money just before 1794, it would were used to your U.S. buck.

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