Mexican Peso

Mexico produces the largest amount of silver in the world.
The sign “$”was first used to illustrate the national currency of Mexico, much earlier than it was used for the American Dollar.
A 20-peso banknote wears off within 32 months on average, while a 50-peso note made from the same material may be used for 39 months.
Mexican Peso is sub-divided into centavo, which produces the highest turnover in Latin America.
The word “peso” means “weight”, which refers to the weight of gold or silver that were used to make the coins earlier.
The Mexican currency was called Peso after the Spanish Dollar when the American Dollar appeared, and was also fixed to the Spanish Dollar.
When Mexico became independent in 1821, it started to use a currency that was independent from the Spanish but preserved the term.