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We know out of handwritten manuscripts you to resellers and investors usually abbreviated the newest peso while the “PS.” While the go out proceeded, and also as the brand new acronym turned into usual, the fresh “S” try have a tendency to created along the “P,” generating an enthusiastic approximation of your own “$” symbol. Probably the most widely approved principle contours the brand new buck symbol’s sources to the Foreign language peso, and this all you pirates available will know since the “items of eight.” The brand new Foreign language peso are a dominating currency in the Americas while in the the brand new colonial time, and try recognized since the earliest tool of value in the colonial America inside the late 1700s. An alternative well-known theory — and probably a well-known misconception — is the fact that symbol is short for “All of us” and you will originated the newest abbreviation “U.S.,” for the emails layered and also the “U” becoming conventionalized through the years. It’s believed that while the date went on, the fresh abbreviation try often created so that the S is actually to your the top P, generating an approximation of the $ icon. Handwritten manuscripts relationship to this time show that the new peso—formally “peso de ocho reales” otherwise “little bit of eight” in the usa—is actually abbreviated PS.

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