Glossary: new peso (NMex$)
DEFINITION:
Mexican monetary unit divided into 100 centavos. The new peso replaced the peso (q.v.) on January 1, 1993, at the rate of 1 new peso = 1,000 pesos. At that time, US$1 = NMex$3.1. In April 1997, US$1 = NMex$7.9.