pe·​so | \ ˈpā-(ˌ)sō How to pronounce peso (audio) , 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 Congress has approved a record 4.5 trillion-peso ($93.6 billion) spending plan for 2021, and allowed unspent funds from this year’s budget and pandemic relief package to be rolled over to next year. Andreo Calonzo,, "Philippine Pandemic Recovery Steps Await Duterte’s Approval," 18 Dec. 2020 The country, which restructured $65 billion of overseas debt with private creditors two months ago, had been looking to delay the repayment of the IMF loan amid a steep peso devaluation and a three-year economic contraction. Jorgelina Do Rosario,, "Argentina to Request Extended Fund Facility Program From IMF," 9 Nov. 2020 The koruna is the third-worst performer among emerging-market currencies, after Argentinian peso and Turkish lira, since the start of September. Peter Laca,, "Czechs Plan to Tighten Virus Curbs Without Shutting Economy," 11 Oct. 2020 Argentines have been buying dollars at a record pace as the peso loses value almost every day, pushed by some anti-business government decisions, an economy in free fall due to the pandemic and lack of saving options. Scott Squires,, "Argentina Bonds Fall With Tighter Foreign-Exchange Controls," 15 Sep. 2020 Therein lies the problem: The government declares it a crime for citizens to rely on a currency other than the peso. Antonella Marty, National Review, "Argentina’s Left-Wing President Is Deepening the COVID-19 Recession," 25 Nov. 2020 In the weeks heading into the 2016 election, investors were selling the peso and buying the ruble based on Trump’s attacks on Mexico and praise for Russian President Vladimir Putin. Vildana Hajric,, "Charts That Traders Will Be Nervously Refreshing on Election Night," 2 Nov. 2020 Money supply has almost doubled this year, making the Argentine peso worthless because the economy is flooded with pesos, economists say. Santiago Pérez, WSJ, "Argentina, Running Low on Dollars, Faces Fresh Economic Turmoil," 15 Oct. 2020 Every month, wages steadily decline, and every 10 or 12 years, like clockwork, the Argentine peso crashes, diminishing household savings. Antonella Marty, National Review, "Argentina’s Left-Wing President Is Deepening the COVID-19 Recession," 25 Nov. 2020

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.

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First Known Use of peso

1555, in the meaning defined at sense 1

History and Etymology for peso

Spanish, literally, weight, from Latin pensum — more at poise

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Statistics for peso

Last Updated

16 Feb 2021

Cite this Entry

“Peso.” Dictionary, Merriam-Webster, Accessed 24 Feb. 2021.

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More Definitions for peso



English Language Learners Definition of peso

: the basic unit of money of several Latin-American countries and the Philippines also : a coin or bill representing one peso


pe·​so | \ ˈpā-sō How to pronounce peso (audio) \
plural pesos

Kids Definition of peso

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

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More from Merriam-Webster on peso

Nglish: Translation of peso for Spanish Speakers

Britannica English: Translation of peso for Arabic Speakers Encyclopedia article about peso

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