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The Mexican peso (sign: $; ISO 4217 code MXN) is the currency of Mexico. Modern dollar currencies have a common origin in the 15th–19th century Spanish dollar, most continuing to use its sign, "$". The current ISO 4217 code for the peso is MXN; prior to the 1993 revaluation (see below), it was MEX. The peso is subdivided into 100 centavos ("cents"). Its symbol is "$", placed at the left of any amount between and including 10 and 30 cents; so "MX$" may be used instead of "Mex$" when clarity or space requires it. Mexico's first decimal currency system was introduced in 1823, an attempt by president Guadalupe Victoria to establish a centralist republic with decimal units based on bimetallism that also attempted to abolish indigenous communities' rights over their lands as recognized under Spain's legal framework during colonial times.