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/ˈpeɪsəʊ/ · noun
(historical) A former unit of currency in Spain and Spain's colonies, worth 8 reales; the Spanish dollar..
The value of the peso has plummeted 858% against the US dollar over the past five years as the central bank printed more of the currency to help the country’s spendthrift government avoid defaulting on its debts. […] To dollarize its economy, Argentina would need to exchange all pesos held by its people and businesses for US dollars, and assign a dollar value to all of its assets and contracts.
Use peso when its meaning, tone and grammar fit the full sentence. A synonym is not always a direct replacement.
Peso means (historical) A former unit of currency in Spain and Spain's colonies, worth 8 reales; the Spanish dollar..
Common synonyms include adarme, Spanish dollar, colombian peso, cuban peso.
The opposite depends on the specific sense.
The value of the peso has plummeted 858% against the US dollar over the past five years as the central bank printed more of the currency to help the country’s spendthrift government avoid defaulting on its debts. […] To dollarize its economy, Argentina would need to exchange all pesos held by its people and businesses for US dollars, and assign a dollar value to all of its assets and contracts.
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