"The Coin That Started World Trade, and it passed through Manila." Long before the modern dollar, the world’s first global currency was the Spanish Silver Dollar, also known as the Piece of Eight or Eight Reales. For more than two centuries, these coins crossed oceans on the Manila–Acapulco Galleon Trade, connecting the Americas and Asia. Silver from Mexico flowed into Manila, where it was exchanged for silk, spices, and porcelain, making the Philippines a vital center of early global commerce.
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