Meaning of patacon in English:

patacon

Pronunciation /ˈpatəkɒn/

noun

(also patagon)
  • 1 historical Any of various silver coins current in Portuguese and Spanish territories from the 16th to the 18th centuries.

  • 2A monetary unit of the province of Buenos Aires in Argentina, being a government bond with a face value of one peso.

    The patacon was introduced in 2001 as a way of paying local workers without incurring further government debt.

Origin

Late 16th century. Apparently originally from Portuguese patacon, patacão from pataca + -on.