Yes, peso is a Scrabble word!
...and is worth 6 points in Scrabble, and 7 points in Words with Friends
peso
Noun
1. The basic unit of money in Uruguay; equal to 100 centesimos
2. The basic unit of money in the Philippines; equal to 100 centavos
3. The basic unit of money in Mexico; equal to 100 centavos
4. The basic unit of money in Guinea-Bissau; equal to 100 centavos
5. The basic unit of money in the Dominican Republic; equal to 100 centavos
6. The basic unit of money in Cuba; equal to 100 centavos
7. The basic unit of money in Colombia; equal to 100 centavos
8. The basic unit of money in Chile; equal to 100 centesimos
What Scrabble words can I make with the letters in peso?
4 Letter Words
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2 Letter Words