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==Current system==

On ] ] Mexico adopted a new currency, the ''nuevo peso'' ("new peso", or MXN). The new peso was equal to 1000 of the obsolete MXP pesos. The change was necessitated by the violent and massive devaluations the currency had suffered over the previous quarter century.

On ] ] the modifier ''nuevo'' was dropped from the name and new coins and banknotes – identical in every respect to the 1993 issue, with the exception of the now absent word "nuevo" – were put into circulation. The ISO 4217 code, however, remained unchanged as MXN.

===Coins===

The coins currently in circulation have face values of 10¢, 20¢, 50¢, $1, $2, $5, $10, and $20. Coins worth $50 also exist and is ], but it was not included in the 1996 issue and is extremely rare and largely disliked by users.(This coin must be carefully distinguished from the ] ] Mexican 50-peso coin,which contains 37.5 ]s (1.2067 ]) of pure gold,and of course does not circulate at face value). Coins of 5¢ also exist, but are rare. All the coins incorporate design elements from the ].

<table border=0"><tr><td>
<table border=1>
<tr>
<th align=Center>Value</th>
<th align=Center>Coin</th>
<th align=Center>Description</th>
<tr>
<td align=Center>'''5¢'''</td>
<td style="background:black" align=Center>]</td>
<td>Diameter: 5.5 mm. Weight: 1.58 g.<br>Edge: no milling. <p>Metal: stainless steel</td>
</tr>
<tr>
<td align=Center>'''10¢'''</td>
<td style="background:black" align=Center>]</td>
<td>Diameter: 7 mm. Weight: 2.08 g.<br>Edge: no milling. <p>Metal: stainless steel</td>
</tr>
<tr>
<td align=Center>'''20¢'''</td>
<td style="background:black" align=Center>]</td>
<td>Diameter: 9.5 mm. Weight: 3.04 g.<br>Edge: scalloped. <p>Metal: 92% Cu, 6% Al, 2% Ni</td>
</tr>
<tr>
<td align=Center>'''50¢'''</td>
<td style="background:black" align=Center>]</td>
<td>Diameter: 22 mm. Weight: 4.39 g.<br>Edge: scalloped.<p>Metal: 92% Cu, 6% Al, 2% Ni</td>
</tr>
<tr>
<td align=Center>'''$1'''</td>
<td style="background:black" align=Center>]</td>
<td>Diameter: 21mm. Weight: 3.95 g.<br>Edge: no milling. <p>Metal: bimetallic<br>&nbsp;outer: stainless steel<br>&nbsp;inner: 92% Cu, 6% Al, 2% Ni</td>
</tr>
<tr>
<td align=Center>'''$2'''</td>
<td style="background:black" align=Center>]</td>
<td>Diameter: 23 mm. Weight: 5.19 g.<br>Edge: no milling.<p>Metal: bimetallic<br>&nbsp;outer: stainless steel<br>&nbsp;inner: 92% Cu, 6% Al, 2% Ni<p>Design: outer ring depicts "ring of days" from Calendar.</td>
</tr>
<tr>
<td align=Center>'''$5'''</td>
<td style="background:black" align=Center>]</td>
<td>Diameter: 25.5 mm. Weight: 7.07 g.<br>Edge: no milling.<p>Metal: bimetallic<br>&nbsp;outer: stainless steel<br>&nbsp;inner: 92% Cu, 6% Al, 2% Ni<p>Design:outer ring depicts "ring of serpents" from Calendar</td>
</tr>
<tr>
<td align=Center>''' $10'''</td>
<td style="background:black" align=Center>]</td>
<td>Diameter: 28 mm. Weight: 11.18 g.<br>Edge: milled (special 2001 millennium issue has inscription on edge). <p>Metal: Bimetallic:<br>&nbsp;outer: 92% Cu, 6% Al, 2% Ni<br>&nbsp;inner: 65% Cu, 10% Ni, 25% Zn (early editions, prior to 1995, had silver instead of this alloy)<p>Design: inner circle depicts ] from centre of Calendar.<br></td>
</tr>
<tr>
<td align=Center>'''$20'''</td>
<td style="background:black" align=Center>]</td>
<td>Metal: bimetallic:<br>&nbsp;outer: 92% Cu, 6% Al, 2% Ni<br>&nbsp;inner: Silver<p>Design: depicts ]. Two special 2000 variants feature: ]; ].</td>
</tr>
<tr>
<td align=Center>'''$50'''</td>
<td style="background:black" align=Center></td>
<td>Metal: bimetallic<p>Design: depicts ] of Chapultepec.</td>
</tr>
</table>




Revision as of 01:18, 7 February 2005

The peso is the currency of Mexico. It is divided into 100 centavos. The symbol used for the peso is "$", while centavos are represented by "¢". Its current ISO 4217 code is MXN (prior to 1993 the code "MXP" was used).



See also

External link

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