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Updated: June 21, 2025
Indeed, in Spanish America, the dollar, instead of being divided into 20 reals, as in Spain, is divided into only 8 parts called reals, which evidently represent the real of the time of Ferdinand and Isabella, as the dollar does the real of 8. But the ounce of silver was anciently worth 276-1/4 maravedis; the dollar, therefore, is likewise equal to 276 1/4 maravedis.
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