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<p>[QUOTE=&quot;Troodon, post: 1612393, member: 4626&quot;]In 1992 in an effort to stabilize the peso after high inflation (very rampant in the 1980&#039;s and early 90&#039;s), they knocked 3 zeroes off the peso and created the &quot;new peso.&quot;&nbsp; (1000 old pesos = 1 new peso.)&nbsp; They put &quot;nuevo peso&quot; on coins and currency produced in 1992 but quit bothering to mention it a little while later (I forget when the cut-off was precisely but I think 1994 maybe).&nbsp; They had a grace period for exchanging old pesos for new pesos, after which any existing old peso coins and currency were declared to no longer be legal tender (don&#039;t know the precise cut-off, but I think they gave people about 3 years or so).</p><p><br /></p><p>All modern Mexican coins are minted in Mexico City (other mints have operated in what is now Mexico I think, but Mexico City&#039;s mint is the only one still in operation).&nbsp; Not sure where they print their currency, but believe this is done in Mexico City also.&nbsp; The distinctive M with a small O above it is Mexico City&#039;s mintmark.</p><p><br /></p><p>The Mexican peso is pretty stable these days, hovering around 10 pesos to the US dollar, give or take.[/QUOTE]</p><p><br /></p>

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