United Mexican States (Mexico)
Location: State in Northern America
Capital: Mexico
Currency code: MXN 484
Issuing authority: Banco de Mexico
Language: Spanish
Head of state: President
Head of government: President
Monetary unit: Mexican Peso
1 Mexican Peso = 100 Centavos
The state is located in North America. Borders in the north on the USA, in the southeast — with Belize and Guatemala, in the West it is washed by waters of the Gulf of California and the Pacific Ocean, in the east — waters of the Gulf of Mexico and the Caribbean Sea.
GDP (billions of US dollars)
- 2012 - 1177.3
- 2011 - 1158.2
- 2010 - 1035.1
- 2009 - 884.4
- 2008 - 1093.1
Import in export of foreign currency is unlimited in the presence of the declaration.
Import and export of national currency is limited by the sum of 5000 peso.
On Jan. 1, 1993 new peso was introduced instead of peso In Jan. 1996 new peso was renamed to peso. Banknotes in «new» peso are being gradually withdrawn from circulation.
Exchangeable
by Banco de Mexico
until further notice of the bank:
- All banknotes denominated in Pesos issued by Banco de Mexico in 1948–1992.
Old banknotes are exchanged for new ones in ratio 1000 : 1.
Valueless
- All banknotes denominated in Mexican Peso issued before 1948 (except for banknote of 10 000 peso of 1943 issue).
