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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. 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 are the 5¢, 10¢, 20¢, 50¢, $1, $2, $5, and $10; $20 and $50 coins also exist and are legal tender, but they are extremely rare. Banknotes are issued in denominations of $20, $50, $100, $200, and $500; a $10 note existed during the early days of the changeover but has since been withdrawn.

The coins currently in circulation are the 5¢, 10¢, 20¢, 50¢, $1, $2, $5, and $10; $20 and $50 coins also exist and are legal tender, but they were not included in the 1996 issue and are extremely rare.

<table border=0"><tr><td>
<table border=1>
<tr>
<th align=Center>Value</th>
<th align=Center>Coin</th>
<th align=Center>Design</th>
<th align=Center>Metal</th>
<tr>
<td align=Center>'''5&cent;'''</td>
<td align=Center>]</td>
<td align=Center>xxmm diameter <br>no milling </td>
<td align=Center>stainless steel</td>
</tr>
<tr>
<td align=Center>'''10&cent;'''</td>
<td align=Center>]</td>
<td align=Center>7mm diameter<br>no milling </td>
<td align=Center>stainless steel </td>
</tr>
<tr>
<td align=Center>'''20&cent;'''</td>
<td align=Center>]</td>
<td align=Center>9mm diameter, scalloped edge </td>
<td align=Center>Cu-Ni </td>
</tr>
<tr>
<td align=Center>'''50&cent;'''</td>
<td align=Center>]</td>
<td align=Center>11 mm diameter, scalloped edge </td>
<td align=Center>Cu-Ni</td>
</tr>
<tr>
<td align=Center>'''$1'''</td>
<td align=Center>]</td>
<td align=Center>11mm diameter<br>no milling </td>
<td align=Center>Bimetallic </td>
</tr>
<tr>
<td align=Center>'''$2'''</td>
<td align=Center>]</td>
<td align=Center>13mm diameter<br>no milling </td>
<td align=Center>Bimetallic</td>
</tr>
<tr>
<td align=Center>'''$5'''</td>
<td align=Center>]</td>
<td align=Center>15mm diameter<br>no milling </td>
<td align=Center>Bimetallic</td>
</tr>
<tr>
<td align=Center>''' $10'''</td>
<td align=Center>]</td>
<td>18mm diameter<br>Central Aztec calendar design<br>Milled edge</td>
<td align=Center>Bimetallic</td>
</tr>
<tr>
<td align=Center>'''$20'''</td>
<td align=Center>]</td>
<td>Depicts ]<br>Two special 2000 variants depict:<br>-New fire ceremony<br>-]</td>
<td align=Center>Bimetallic</td>
</tr>
<tr>
<td align=Center>'''$50'''</td>
<td align=Center></td>
<td align=Center>] of Chapultepec</td>
<td align=Center>Bimetallic</td>
</tr>
</table>

===Banknotes===

Banknotes are issued in denominations of $20, $50, $100, $200, and $500; a $10 note existed during the early days of the changeover but has since been withdrawn.


These banknotes depict the following figures from ]: These banknotes depict the following figures from ]:

Revision as of 23:26, 14 March 2004

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 "¢".

ISO 4217: MXN (prior to 1993: MXP)

History

The peso was originally based on the Spanish silver Dollar.

Current system

On 1 January 1993 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 1 January 1996 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 are the 5¢, 10¢, 20¢, 50¢, $1, $2, $5, and $10; $20 and $50 coins also exist and are legal tender, but they were not included in the 1996 issue and are extremely rare.

Value Coin Design Metal
File:121-546.jpg xxmm diameter
no milling
stainless steel
10¢ File:121-547.jpg 7mm diameter
no milling
stainless steel
20¢ File:121-548.jpg 9mm diameter, scalloped edge Cu-Ni
50¢ File:121-549.jpg 11 mm diameter, scalloped edge Cu-Ni
$1 File:121-603.jpg 11mm diameter
no milling
Bimetallic
$2 File:121-604.jpg 13mm diameter
no milling
Bimetallic
$5 File:121-605.jpg 15mm diameter
no milling
Bimetallic
$10 File:121-616.jpg 18mm diameter
Central Aztec calendar design
Milled edge
Bimetallic
$20 File:121-561.jpg Depicts Miguel Hidalgo
Two special 2000 variants depict:
-New fire ceremony
-Octavio Paz
Bimetallic
$50 Heroic Cadets of Chapultepec Bimetallic

Banknotes

Banknotes are issued in denominations of $20, $50, $100, $200, and $500; a $10 note existed during the early days of the changeover but has since been withdrawn.

These banknotes depict the following figures from Mexican history:

External link