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, Phlippines, and Uruguay — see money table
Recent Examples of peso from the Web
In January, the peso had fallen to a record low of 22 to the dollar, thanks in no small part to fears of a possible trade war with Mexico’s northern neighbour.
Fifteen years ago, an unsustainable peg of the Argentine peso to the dollar collapsed in a crisis that made way for more than a decade of Kirchnerism.
After taking office in 2015, President Mauricio Macri allowed the peso to float freely, substantially closing the gap between the official exchange rate and the black market rate.
Despite the expansion, VivaColombia had a net loss of 18 billion pesos in 2016, or about $6.4 million, according to Civil Aviation records.
In exchange, Moreno and Pinilla asked for a 400 million Colombian peso payment with an additional $30,000 to be paid before Moreno left Miami for Colombia, according to the complaint.
IN OTHER NEWS Mexico’s peso is trading at its strongest levels in more than a year, as both domestic and external risks to the currency recede.
The Presidential office has since pledged 10 billion pesos ($20 million) to help rebuild the city, once operations to clear the city have finished.
Argentina’s peso closed at 16 per dollar on Tuesday.
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.
PESO Defined for English Language Learners
Definition of peso for English Language Learners
: the basic unit of money of several Latin-American countries and the Philippines; also : a coin or bill representing one peso
PESO Defined for Kids
Definition of peso for Students
1 : a bill or coin used in one of several Spanish-speaking countries of North and South America
2 : a bill or coin used in the Philippines
Seen and Heard
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