Does Mexico still use pesos?|. It is subdivided into 100 centavos. The currency was initially based on Spain's official currency, called 'real', which was the Spanish dollar. The Mexican peso's name originated from the silver 8-real coins issued by Spain in Mexico.The Mexican peso (MXN) is the official currency of Mexico
Excuse me, I'm just curious, but does Mexico still utilize the peso as its official currency? I understand it's divided into 100 centavos, but I'm not entirely sure about its historical background. Could you elaborate on how the Mexican peso got its name? I've heard it's somehow related to Spain's currency, but I'd like to know more details. Thank you for your time.