We will be in Cancun July 12-17. My parents have some pesos from their trip back in 1997 trip (long ago!) and I am wondering if we can still use them? The date on the bills say 1987. Thanks
Any pesos issued before 1993 are next to worthless.. sorry.. http://en.wikipedia.org/wiki/Mexican_peso ("Nuevo Peso" Section)
Just curious as to what denominations you have and how many of each. I may be interested in buying them just for the memories. If interested please reply to this by a Private Message. Back in the early 90's the exchange rate was over $3,000 Mxn to $1 US. I had some $100,000 peso bills, each worth roughly $30 US. Mexico revalued its currency in early 1993 to be on par with the dollar. Inflation is still pretty bad relatively speaking as now you get about $12.50 pesos for $1 US. When your parents traveled here there were most likely 2 currencies floating around, the pesos that you have, the old ones, and then the new ones which is what they were called, Nuevos Pesos. You can probably sell them at a bank, or rather convert them at some rate to the current version. But as Life says, they are worth next to nothing. I would love to have a few of those $100,000 babies.
