Do you know why so many Latin American currencies call peso ?: They tell you



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At present, the peso is the currency of countries in the region such as Argentina, Chile, Colombia, Cuba, Mexico, the Dominican Republic and Uruguay.

¿Some time you you asked by whated a lot paíhis of I amedrich Latina they use it denominationornot for his change?

In the present, the the weight is the change of paíhis of the regionornot as Argentina, Chile, Colombia, Cuba, MedMexico, Representativeública Dominican and Uruguay.

The Origin of the the weight as l & # 39; unit monetary in the regionornot he return a the conquest Spainnotwave of the continent.

But they should pbad enough anotbone and change cultural for arrive at concept of what What aujourd & # 39; hui we know as the weight.

¿Cormo has begunor all? BBC New what Explain. When the Spainnotoles and Portuguese they arrived at continent American not to existía the change as the we design in the present.

"According to the chroniclers of the Indies, the Amerindians used it as currency, especially for the payment of taxes, cocoa beans, certain types of shells and other products", explains Julio Torres, curator of the Casa de la Moneda museum in Spain. author of the essay "The Implication of Money in America".

In the Iberian Peninsula, coins existed and were minted with gold, silver, fleece or copper. Some of them began to be exported to the "new continent".

But the import of coins and the introduction of coins in America did not mean the end of the use of cash for commercial purposes. The Indians first refused to accept the new currency and made it disappear.

It was in 1535 that Carlos I of Spain ordered the establishment of mint factories in Mexico and Santo Domingo.

In a second phase were born the exchange houses of Lima (1565) and La Plata (1573) which were replaced in 1574 by that of Potosi, the current Bolivia.

And in a third was founded the Casa de Moneda Santa Fe de Bogotá (1626).

The weight and dorlar

up the century XVI, the operations commercial he they did with the bars, the yew o barretones of gold, gold in dust and as wellednot parts and the bars of money, to describe Torres.

In the kingdom Spainnotol, the "Castilian" o "the weight" was nail measured equivalent a about 4,6 grams of gold.

Reciednot a half of century of XVI, the money to start a move at gold as main vehicleíbad of the transactions.

al to start the acunotations, the name of "the weight" he applyor a a Type of change: "the real of a eight" What they were about the disks of 27 grams of gold of tepuzque, What baphysically was the copper.

This piece was first manufactured in Mexico during the reign of Philip II between 1556 and 1598 and was extended to other currencies of the continent.

Parallel also began to hit silver coins with these features.

"The silver piece of eight rees, also called" peso "or" duro ", was the Hispanic continuation of a pattern of large thick coins initiated in the Central European regions at the end of the fifteenth century. century, "says Torres in his essay.

"This denomination, as well as the type of currency that it has designated, have traveled in other languages ​​of Germanic origin, including English, which gave birth to the dollar," adds -t it.

In summary, Different measurements of the weight of the metals used in the past have been at the origin of the denomination of some piece of money become so strong and respected that it has been adopted by many countries .

Over time, the piece of metal began to be struck on industrial metals (with bank notes) and became a fiduciary currency, that is, a currency that relies on the trust of a corporation and not on the value itself. of metal.

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