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Mexican peso

The Peso is the official currency of Mexico. The Peso is subdivided into 100 Centavos. Banknotes are issued in six denominations of 20, 50, 100, 200, 500 and 1000 Pesos. Coins are issued as 5¢, 10¢, 20¢, 50¢, $1, $2, $5, $10, $20, $50 and $100. The Mexican Peso was floated in 1994 following the Mexican Peso crisis which lead to a massive fall in its value but it quickly recovered.