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Inflated Mexican Dollars?

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NumisMattyUk's Avatar
United Kingdom
2217 Posts
 Posted 05/31/2008  12:14 pm Show Profile   Bookmark this topic Add NumisMattyUk to your friends list Get a Link to this Message Number of Subscribers
According to Bloomberg.com, $250 Mexicanos is worth 12.21 GBP!
But are these valid, or just from an hyper-inflationary period?

Inflated-Mexican-Dollars?

Inflated-Mexican-Dollars?
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NumisMattyUk's Avatar
United Kingdom
2217 Posts
 Posted 05/31/2008  1:40 pm  Show Profile   Bookmark this reply Add NumisMattyUk to your friends list Get a Link to this Reply
Ok question answered on CoinPeople! - had to wonder!
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snowman's Avatar
United States
1840 Posts
 Posted 05/31/2008  1:41 pm  Show Profile   Bookmark this reply Add snowman to your friends list Get a Link to this Reply
In 1993 Mexico introduced the "Nuevo Peso" which consolidated the old Peso 1000 to 1 and did away with the old coinage. On coins from between 1992 to 1995 the term N$ appears before the value to denote the change. According to https://www.xe.com 1 British pound is currently worth 20 Mexican Pesos.

I went to Mexico in 1992 with a couple of friends. One of the guys I went with was interested in getting his hands on some centavos due to their ridiculously low value. He went from business to business asking if they had any centavos. Unfortunately he didn't speak Spanish and he got his terms confused. Instead of centavos he went around asking for diablos (devil in Spanish). Eventually one of the shop keepers set him straight.
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