peso

noun

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pe·so | \ ˈpā-(ˌ)sō

, ˈpe- \

plural pesos

Definition of peso

1 : an old silver coin of Spain and Spanish America equal to eight reales

2 the basic monetary unit of Argentina, Chile, Colombia, Cuba, Dominican Republic, Mexico, Philippines, and Uruguay — see Money Table

Examples of peso in a Sentence

Recent Examples on the Web That level of inflation was rather unsurprising, given Cuba’s devaluing of the peso by 95 percent during 2021. — Steve H. Hanke, National Review, 16 Mar. 2022 For example, when Argentina defaulted in 2001, the peso plunged, the economy shrank and inflation soared. — Matthew Digiuseppe, The Conversation, 18 Apr. 2022 But Mexico’s economic struggles, deepened by the December 1994 peso devaluation, are changing that. — San Diego Union-Tribune, 11 Apr. 2022 In 2018, Argentina once again collapsed after a run on the peso and had to ask the IMF for an emergency bailout. — Agustino Fontevecchia, Forbes, 27 Dec. 2021 By the close of trading in Chile on Monday, the peso had fallen 3.5% against the U.S. dollar, hitting an all-time low. — Ryan Dube, WSJ, 20 Dec. 2021 And, when the devaluation of the Mexican peso, in 1982, cratered cross-border trade, South Texas increasingly turned to winter tourism to boost its economy. — Rachel Monroe, The New Yorker, 29 Mar. 2022 The peso has depreciated more than 16% this year, as some Chileans sent their money abroad for safekeeping. — Ryan Dube, WSJ, 20 Dec. 2021 Capital flight, known as foreign asset formation in Argentina, was a consequence of a lack of confidence in the economy and the peso, as has been the case for decades. — Agustino Fontevecchia, Forbes, 27 Dec. 2021 See More

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'peso.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.