One of the mysteries of the English language finally explained.
1The Mexican peso, a silver eight-real coin formerly used as currency in the United States, China, the Philippines, and elsewhere in East Asia (compare "dollar".
2The standard unit of money in trading ports of East Asia in the 19th and early 20th centuries (paper money issued by British and other banks in China between the 1860s and 1920s were denominated in Mexican Dollars).
Late 18th century; earliest use found in Gerard G. Beekman (1719–1797).
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