The Mexican Peso: Mexico’s Currency and Its Regional Use

Official Currency of Mexico

The Mexican peso (MXN) is the legal tender of Mexico, issued by the Bank of Mexico (Banco de México). It is the most widely used currency within the country.

Usage Beyond Mexico

The peso is also accepted in some border areas of the United States and circulates informally in parts of Central America, notably Belize and Guatemala, due to cross-border trade and tourism.

Key Facts

• Currency Code: MXN
• Issuer: Bank of Mexico
• Primary Use: Mexico
• Secondary Acceptance: Border regions of U.S., Belize, Guatemala

Note

No other country uses the Mexican peso as its official currency. Each nation in Central America has its own legal tender.