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Such as, one theory contours the new icon’s origins so you can an image of the Pillars of Hercules you to definitely seemed to your Foreign-language layer away from hands and you may federal currency. The image displayed both pillars covered with S-shaped ads, which, with regards to the concept, could have developed within the notation to become the fresh dollar signal. The newest peso got its start within the reign out of Ferdinand II out of Aragon (1479–1516), and many come across a resemblance between one of his true royal icons, that has been shed for the statement, plus the money indication.

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