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  • Currency Name: Mexican Peso
  • Symbol: $ or Mex$
  • Cent: ¢
  • Code: MXN
  • Common Currency Notes: $20, $50, $100, $200, $500
  • Rarely Used: $1,000
  • Common Coins: 50¢, $1, $2, $5, $10, $20

In Spanish, it means weight. It’s a coin that originated in Spain. The word peso is the name of the monetary unit of several countries. These are Argentina, Chile, Colombia, Cuba, Dominican Republic, Mexico, Philippines, and Uruguay.

Did you know that the first peso coins were issued in Mexico by Spain? We wonder if Spain and Mexico are one country. They both are not one country. We will get in trouble if we say so. They are two separate countries. If you read the world history; you would be amazed that Spanish Explorers visited North America often.

In the 20th century, the Mexican peso remained its stability in Latin America. Due to hyperinflation in Mexico, new peso was introduced on January 1, 1993. The old code MXP was replaced with MXN written as “N$”. One new peso, or N$1.00 was equivalent to 1,000.00 of the obsolete MXP pesos.