Following the footsteps of America, another country in the world has announced to impose tariffs on India. This country is America’s neighbor, whose name is Mexico. Mexico has decided to impose 50 percent tariff on goods from India, China and other Asian countries from January 1, 2026. However, if we talk about the currency of Mexico, the currency here is called Peso.

According to the report of Vice.com, the value of 1 peso is 5.05 rupees against Indian currency. In this way, if an Indian earns Rs 20,000 by going to Mexico, then after coming to India its value will become Rs 1 lakh 936. It is clear from this comparison that the Mexican peso is more valuable than the Indian rupee.

The peso was first adopted as the official currency of Mexico in the year 1863. Today this currency is considered a strong currency not only in Mexico but also in the international market. Apart from Mexico, the name of currency in many countries is Peso. These major countries include Argentina, Chile, Colombia, Cuba, Dominican Republic, Philippines and Uruguay. However, the peso of all these countries is different from each other and their value is also different.

Which peso notes are used in Mexico?

In Mexico the peso is divided into 100 centavos. There are a total of 6 types of notes in circulation, which are 20, 50, 100, 200, 500 and 1000 pesos. These notes are issued by Mexico’s central bank, Banco de Mexico. Mexico’s economy is considered a developing mixed economy. Globally, this country is the 13th largest economy in the world. This country is known for its strong export, automobile, oil, manufacturing and tourism sectors. This is the reason why the stability and strength of the Mexican peso remains.

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