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The possible lack of proof about the newest dollars sign’s historical development provides invited space to possess folktales. There is absolutely nothing research, although not, to suggest that money sign originated in the brand new -for example symbol of your pillars on the Spanish buck. The majority of people suggest that the fresh club regarding the dollar signal is similar to one of many pillars, as the S turns out the new bow. The brand new peso originated inside the leadership out of Ferdinand II from Aragon (1479–1516), and some come across a similarity between one of his true regal icons, that has been cast on the statement, and also the money signal. Some have hence speculated the icon emerged as the a stylistic type on the Arabic numeral 8, whether or not zero data have emerged that show 8 used to signify the brand new Foreign-language dollar.