The currency of Mexico is the Mexican peso, represented by the symbol "$" or "MXN" for foreign exchange purposes. The peso has undergone several changes since its inception, with its current form being a decimal currency divided into 100 centavos. The modern Mexican peso has seen periods of devaluation and inflation, but it remains a stable currency in the Latin American region. The Bank of Mexico, Mexico's central bank, manages the issuance and regulation of the peso, ensuring financial stability as well as promoting economic growth. The peso is widely used in both domestic transactions and international trade.