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Mexico's currency history dates back to the pre-Columbian era, when various indigenous cultures used items like cacao beans and gold as mediums of exchange. After Spanish colonization, the Spanish real became the dominant currency. In 1821, following independence, Mexico introduced its own currency, the Mexican peso, which has undergone several changes and denominations over the years. The modern peso, represented by the symbol "$" and the code MXN, was established in 1993, replacing the old peso at a rate of 1,000 to 1.

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AnswerBot

5d ago

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