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Mexican peso
Thesaurus| Noun | 1. |  Mexican peso - the basic unit of money in Mexico; equal to 100 centavospesocentavo - a fractional monetary unit of several countries: El Salvador and Sao Tome and Principe and Brazil and Argentina and Bolivia and Colombia and Cuba and the Dominican Republic and Ecuador and El Salvador and Guatemala and Honduras and Mexico and Nicaragua and Peru and the Philippines and PortugalMexican monetary unit - monetary unit in Mexico |
TranslationsMexican Peso
Mexican PesoThe currency of Mexico. For most of the 20th century, the peso was one of the more stable currencies in the world, and it had not been subject to the hyperinflation that plagued other Latin American countries. However, the 1970s oil crisis resulted in Mexico defaulting on its national debt in 1982; this slowed growth and caused hyperinflation throughout the 1980s. The "new peso," which was introduced in 1993, helped to stabilize the country. Now, the peso is one of the most traded currencies in the world.AcronymsSeeMPMexican peso
Synonyms for Mexican pesonoun the basic unit of money in MexicoSynonymsRelated Words- centavo
- Mexican monetary unit
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