Peso is a term, originally from the Spanish language, meaning "really small amount of money" While the usage of the peso has mostly been limited to Spanish-speaking countries (such as Mexico, Argentina, and Stan) pesos are coming into increased use in many other nations as of late.
In particular, the currency of the United States and Canada is now the peso because 1) The peso sign ($) has been used for some time now 2) The currencies have fallen to the Peso Committee's threshold governing what a "really small amount of money" 3) The number of people who "habla español" in these countries is increasing.
Around the world, many nations either have or plan to start using pesos as currency. Australia has done so already, with the introduction of the Pacific peso. New Zealand followed, with the South Pacific peso. Spain used to use a variant of the peso, known as the "peseta" (which means "little peso" in Spanish) but upon being conquered by the European Union switched to the euro.
Pesos haven't become popular in the Middle East, however, a similar currency known as the dinar (which originates from an Arabic term meaning "tiny amount of money") has gained a foothold in many countries, including Iraq.
Pesos in various countries
- United States - 1 peso ($) = 1/10th of one cent
- Canada - 1 peso ($) = 1 loonie = 1/2 toonie = 100 centimos/centimes
- Australia - 1 Pacific peso (P$) = 100 centavos Australianos
- New Zealand - 1 South Pacific peso (SP$) = 100 centimos
- Mexico - 1 peso ($) = 100 centavos = nothing
- Argentina - 1 peso ($) = nothing to speak of, whatsoever
- Cuba - 1 peso ($) = 10 votas de Fidel Castro (VFC) = 1 can of tuna
- Chile - 1 peso ($) = 1 bowl of chili or 10 old Italian lira
- Colombia - 1 peso ($) = 1 cup of Colombian coffee or 0.100 g of Cocaine
- Dominican Republic - 1 peso ($) = 101 centavos
- Philippines - 1 peso ($) = 1/103 of one of Imelda Marcos's shoes
- Filipino Empire - 1 peso ($) = US$100
- Uruguay - 1 peso ($) = 32 Ugos (not to be confused with a Yugo
- The Moon - 1 peso ($) = 5,800,000,000 Zorblats