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In November 2021, Coinmarketcap was cited by Vice, The New York Times and some other media for warning users of the "Squid" coin fraud scheme, which falsely claimed to be affiliated with the Squid Game TV show. [1] [7] [8] [9] The website is also a source for crypto exchanges rankings. [10]
In January 2011, after Chile announced that in 2011 the country planned to buy foreign reserves of $12 billion, the peso experienced an immediate fall in value. [10] The country's main export is copper to China and India. [10] The currency strength has resulted in over-high wages, and high inflation. [10]
USD/MXN exchange rate. Mexican peso crisis in 1994 was an unpegging and devaluation of the peso and happened the same year NAFTA was ratified. [2]The Mexican peso (symbol: $; currency code: MXN; also abbreviated Mex$ to distinguish it from other peso-denominated currencies; referred to as the peso, Mexican peso, or colloquially varo) is the official currency of Mexico.
The Centenario is a Mexican gold bullion coin first minted in 1921 to commemorate the 100th anniversary of Mexico's independence from Spain. [1] The coin is not intended to be used as currency; the face value of 50 pesos is for legal purposes only, and does not reflect the actual value of the gold content.
This resulted in a decrease in the value of gold and an increase in the relative value of silver. [1] As a result, silver coins rapidly disappeared from circulation due either to hoarding or melting. [1] In response, Congress authorized the Mint to reduce the quantity of silver in all denominations except the three-cent piece and silver dollar. [1]
The rate gradually worsened; on 29 July 2022 one U.S. dollar was quoted at 131.22 pesos at the official rate and 298 pesos, 2.27 times higher (+127%), in unregulated markets. [13] By September 2023, the official exchange rate had reached 350 pesos to the dollar, and over 720 pesos on unregulated markets. [14]