Description
The peso is the currency of Mexico. The peso was the first currency in the world to use the “$” sign, which the United States dollar later adopted for its own use when the United States adopted the peso as currency during a period before adopting the dollar. The peso is the 12th most traded currency in the world and by far the most traded currency in Latin America and third most traded in all the Americas. The current ISO 4217 code for the peso is MXN; prior to the 1993 revaluation, the code MXP was used. The peso is subdivided into 100 centavos, represented by “¢”. The name was originally used in reference to pesos oro (gold weights) or pesos plata (silver weights). The literal English translation of the Spanish word peso is weight. The Banco de Mexico started issuing these 5000 Pesos banknotes in 1985. The banknote of 5000 Pesos depicts the portrait of he Heroic Cadets or Boy Soldiers, were six Mexican teenage military cadets. These cadets died defending Mexico City’s Chapultepec Castle from invading U.S.forces in the 13 September 1847 Battle of Chapultepec, during the Mexican–American War.
