medio-peso

Updated: May 5, 2025

Theoretically a peso was a hundred cents, as a peseta was twenty cents, but there was no cent with which to make change. You accepted the dacold at its value of eighty to a peso, or you transacted no business. The Filipinos also had a way of figuring a medio-peso as cuatro reales, thus giving the real a value of twelve and a half cents, though there was no coin called a real.

Mary Helen Fee - A Woman's Impression of the Philippines