Definition of peso
pesos
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
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Recent Examples of peso from the Web
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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.
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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.
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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.
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Despite the expansion, VivaColombia had a net loss of 18 billion pesos in 2016, or about $6.4 million, according to Civil Aviation records.
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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.
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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.
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The Presidential office has since pledged 10 billion pesos ($20 million) to help rebuild the city, once operations to clear the city have finished.
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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.
Origin and Etymology of peso
Spanish, literally, weight, from Latin pensum — more at poise
PESO Defined for English Language Learners
peso
playDefinition of peso for English Language Learners
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: 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
peso
playDefinition of peso for Students
pesos
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
Learn More about peso
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Spanish Central: Translation of peso Nglish: Translation of peso for Spanish speakers Britannica English: Translation of peso for Arabic speakers Britannica.com: Encyclopedia article about peso
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