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
Japanese currency started to be made, with the minting of local coins, sometimes in gold. Especially the Takeda clan of Kōshū minted gold coins which were later adopted by the Tokugawa shogunate. Hideyoshi unified Japan, and thus centralized most of the minting of large denomination silver and gold coins, effectively putting in place the basis of a unified currency system. Hideyoshi developed the large Ōban plate, also called the Tenshō Ōban (天正大判), in 1588, a predecessor to Tokugawa gold coinage. A common practice in that period was also to melt gold into copper molds for convenience, derived from the sycee manufacturing method.