Bank of Mexico
1 articleThe Bank of Mexico is Mexico's autonomous central bank and the issuer of Mexican-peso banknotes. It conducts monetary policy with a price-stability mandate, manages reserves and liquidity, supports payment systems such as SPEI and maintains the security and supply of banknotes. Mexican coins are produced through the national minting framework rather than by the central bank itself. The bank is the monetary authority behind MXN, not the peso as a monetary unit or the Mexican Mint.
History of the Mexican Peso: From Pieces of Eight to the Modern MXN
The Mexican peso grew out of the silver pieces of eight minted in New Spain and used across the Americas, Europe and Asia. This detailed history follows the currency from pre-Hispanic exchange and the first mint in the Americas through independence, the 1982 debt crisis, the 1993 nuevo peso redenomination and today’s floating MXN.