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Older currency symbols have progressed bit by bit, generally from preceding currencies. The dollar and peso symbols originated from the mark used to denote the Spanish true de a ocho, whereas the pound and lira symbols advanced from an L standing for libra, a Roman pound of silver.
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There are a number of other hypotheses with regards to the origin from the image, some using a measure of educational acceptance, others the symbolic equivalent of Bogus etymologies.[nine]