This is an old revision of this page, as edited by Hajor (talk | contribs) at 23:26, 14 March 2004 (+table). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.
Revision as of 23:26, 14 March 2004 by Hajor (talk | contribs) (+table)(diff) ← Previous revision | Latest revision (diff) | Newer revision → (diff)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.
BanknotesBanknotes 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of $20, $50, $100, $200, and $500; a $10 note existed during the early days of the changeover but has since been withdrawn.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
|
