Economy of Mexico the country has recovered and has grown 4.2, 3.0 and 4.8 percent in 2004, 2005 and 2006, even though it is considered to be well below Mexico's potential growth. The Mexican peso is the currency (ISO 4217: MXN; symbol: $). One peso is divided into 100 "centavos" (cents). MXN replaced MXP in 1993 at a rate of 1000 MXP per 1 MXN. The exchanged rate remained stable between 1998 and 2006, oscillating between 10.20 and 11=3.50 MXN per US$, recently the Mexican peso parity took a hit under president Enrique Peña Nieto, lost in a single year 19.87% of its
Indian Currency Committee of currency, with only three main remaining supporters: Mexico (a major producer of silver), the United States, and India. With India's move to the gold standard, the silver standard lost a significant supporter. The committee was chaired by Sir Henry Fowler (later Viscount Fowler), and was often referred to as the Fowler Committee. Its final recommendation was also referred to as the Fowler Report. Indian Currency Committee The Indian Currency Committee or Fowler Committee was a government committee appointed by the British-run Government of India on 29 April 1898 to examine the currency situation in India. Until 1892, silver was