Nuevo peso
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The nuevo peso (new peso) was the result of hyperinflation in Mexico. In 1993, Carlos Salinas de Gortari had to strip 3 zeros from the peso. The parity was $1000 = N$1.
The transition was done in three years from January 1, 1993 to January 1 1996, when the word "nuevo" was removed from the currency, returning it to be called "peso". The parity that followed was N$1 = $1.
Confusion was avoided by making the "nuevo peso" currency almost identical to the old "peso". Both of them circulated at the same time. Later all currency that only said "peso" was removed from circulation. The Banco de México (Bank of Mexico) then issued new currency with new graphics, also under the "nuevo peso". These was followed by the current almost identical "peso" currency.
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| Current | Argentine peso · Chilean peso · Colombian peso · Cuban peso · Cuban convertible peso · Dominican peso · Mexican peso · Philippine piso · Uruguayan peso |
| Defunct | Argentine peso moneda nacional · Argentine peso ley · Argentine peso argentino · Bolivian peso · Costa Rican peso · Ecuadorian peso · El Salvadoran peso · Guatemalan peso · Guinea Bissau peso · Honduran peso · Nicaraguan peso · Paraguayan peso · Puerto Rican peso · Spanish peso · Venezuelan peso |
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