Multiple choice

Which one of the following countries uses the currency ' New Peso' ?

  1. Laos

  2. Mauritius

  3. Mexico

  4. None of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Mexico uses the currency called 'Peso', specifically referred to as the 'Mexican Peso' (MXN). In 1993, Mexico introduced the 'Nuevo Peso' (New Peso) to replace the old peso at a 1:1000 ratio due to hyperinflation. By 1996, the term 'Nuevo' was dropped, but 'New Peso' is still commonly understood as referring to the Mexican Peso system. Laos uses Kip, Mauritius uses Mauritian Rupee, making Mexico the correct answer among the options.

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