Peso
/ˈpɛso/ noun
noun ·Uncommon ·Advanced level
Definitions
Noun
- 1 A former unit of currency in Spain and Spain's colonies, worth 8 reales; the Spanish dollar. historical
- 2 the basic unit of money in Chile; equal to 100 centesimos wordnet
- 3 The circulating currency of various Spanish-speaking American countries (Argentina, Chile, Colombia, Cuba, the Dominican Republic, Mexico, and Uruguay) and the Philippines.
"The value of the peso has plummeted 858% against the US dollar over the past five years as the central bank printed more of the currency to help the country’s spendthrift government avoid defaulting on its debts. […] To dollarize its economy, Argentina would need to exchange all pesos held by its people and businesses for US dollars, and assign a dollar value to all of its assets and contracts."
- 4 the basic unit of money in Colombia; equal to 100 centavos wordnet
- 5 the basic unit of money in Cuba; equal to 100 centavos wordnet
Show 5 more definitions
- 6 the basic unit of money in the Dominican Republic; equal to 100 centavos wordnet
- 7 the basic unit of money in Guinea-Bissau; equal to 100 centavos wordnet
- 8 the basic unit of money in Mexico; equal to 100 centavos wordnet
- 9 the basic unit of money in the Philippines; equal to 100 centavos wordnet
- 10 the basic unit of money in Uruguay; equal to 100 centesimos wordnet
Antonyms
All antonymsExample
More examples"The peso is still undervalued and has room to appreciate."
Etymology
Borrowed from Spanish peso.