The currency of Mexico is the Mexican peso.
The Mexican peso is divided into 100 centavos and is commonly represented by the $ sign. International financial contexts may use Mex$ or MXN to distinguish it from other currencies that use the dollar symbol. The Bank of Mexico, or Banco de México, is the country’s central bank.
Mexico introduced a new peso in 1993 after a period of high inflation. The new peso was equal to 1,000 old pesos, and the word “nuevo” was used temporarily to distinguish it. The “nuevo” label was later removed.
The peso name originated from the Spanish word for “weight.” Several countries use currencies called pesos, including Chile, Colombia, the Philippines and Uruguay, but their currencies are separate and have different ISO codes.