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That is today widely regarded as the best source from the brand new buck indication. We all know out of handwritten manuscripts one merchants and you can people have a tendency to abbreviated the new peso as the “PS.” Because the date went on, so when the fresh abbreviation became more common, the new “S” are tend to composed along the “P,” creating an approximation of your own “$” icon. More extensively accepted principle contours the new buck symbol’s root on the Foreign-language peso, and that everything you pirates out there can ascertain because the “bits of eight.” The newest Spanish peso is a dominant currency in the Americas throughout the the new colonial era, and you will is actually recognized as the first unit useful in the colonial The usa within the later 1700s. The united states try referred to as Joined Territories away from North The united states until 1776, and you can facts can be found that the dollars signal was a student in fool around with ahead of the united states moniker came to be — deciding to make the principle search tenuous at best. The writer and you will philosopher Ayn Rand apparently thought it idea and you can chose to tend to be they inside a part from their 1957 unique Atlas Shrugged, in which you to reputation asks various other what the dollar sign stands to possess.