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What are pesos?

What are pesos? Here are some definitions.

Noun
  1. plural of peso
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Examples
Dollar bank deposits were converted into pesos at an artificially low exchange rate, and import permits were implemented on all goods.
The site allows black-market money brokers to bid on the dirty dollars, which cartel financial chiefs want to convert to pesos.
If you try to change dollars for pesos, people look at you like you're crazy.
The children he was handing the pesos to were dressed in ragged clothing and dirt covered their hands and faces.
Now, he is told, his savings have been converted into pesos, currently worth a third of a dollar, and he cannot touch them until next year.
For months now, they've been trading in their pesos for greenbacks and stuffing them under their mattresses or spiriting their money overseas.

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