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<p>[QUOTE=&quot;Michael K, post: 24820900, member: 78298&quot;]Yes they could switch, but wasn&#039;t it at 1000-1? Now you are forcing me to use Google. It says this in 1993: Under the new regime, the 1,000-peso coin, worth 33 cents, becomes a one-peso coin with no change in value.</p><p>I don&#039;t think a peso being worth .33 cents lasted a long time. I went to Mexico in 1975 and the peso was worth about 8 cents. Today it is worth about 5 cents.</p><p>&quot;The poorer class, accustomed to being millionaires by virtue of their hordes of pesos, is particularly troubled. &quot;The fear prevails that the new monetary system masks a devaluation of the peso against the dollar, a generalized hike in prices, and by magic, the disappearance of savings, all of which is false,&quot; wrote the daily El Financiero.&quot;</p><p>&quot;One elderly woman recently broke into tears in a Mexico City bank upon learning that her life savings of 100 million pesos, or about $33,333, would soon become 100,000 pesos. Attempts by concerned tellers to explain that the value of her savings would remain intact failed to reassure her.&quot;</p><p>I imagine that .33 cent peso didn&#039;t last long, I mean it&#039;s worth 5 cents now,</p><p>and there is inflation.[/QUOTE]</p><p><br /></p>

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