Editing Peso (section)

===Philippine peso===
{{Main|Philippine peso}}
The Philippine peso (Filipino: '''piso''') is derived from the Spanish silver coin ''Real de a Ocho'' or ''Spanish dollar'', in wide circulation in the entire America and Southeast Asia during the 17th and 18th centuries, through its use in the Spanish colonies and even in the United States and Canada.
[[File:PHI-68c-Philippine Islands-Treasury Certificate-1 Peso (1924).jpg|thumb|left|One peso Treasury Certificate]]

Prior to 1852 the Philippines had no currency of its own (with the exception of local copper cuartos) since pesos received from Spain and Spanish Latin America were accepted in circulation. Locally issued pesos only came about with
* The issuance of [[Philippine peso fuerte]] banknotes in 1852 by the ''[[Banco Español-Filipino de Isabel II]]'' (now the [[Bank of the Philippine Islands]])
* The founding of the Casa de Moneda de Manila mint in 1857 and the minting of gold 1, 2 and 4 peso coins starting 1861, and
* The minting of 50, 20 and 10 centimo silver coins starting 1864.

As with Mexican dollars, the Philippine unit was based on silver, unlike the United States and Canada where a [[gold standard]] operated. Thus, following the great silver devaluation of 1873, the Philippine peso devalued in parallel with the Mexican unit, and by the end of the 19th century, was worth half a United States dollar. The name of the currency remained unchanged despite the 1896 [[Philippine Revolution]] and the subsequent [[Philippine Declaration of Independence|declaration of independence]] in 1898.