Editing Mexican peso (section)

==Use outside Mexico==
[[File:Aratame sanbu sadame silver coin 1859 Japan.jpg|thumb|A [[Peso#1821–1897 Mexican dollar|Mexican dollar]] used as currency in [[Edo period|Tokugawa]] Japan, [[countermark]]ed with ''"Aratame sanbu sadame"'' ({{lang|ja|改三分定}}, ''fixed to the value of 3 [[Ichibugin|bu]]'').]]

===19th century===
The [[Spanish dollar]] and Mexican peso served as a global [[silver standard]] [[reserve currency]], recognized all over Europe, Asia and the Americas from the 16th to 20th centuries. They were legal tender in the United States until 1857 and in China until 1935.

The 18th and 19th century [[Spanish dollar]] and Mexican peso were widely used in the early United States. On July 6, 1785, the value of the United States dollar was set by decree to approximately match the Spanish dollar. Both were based on the silver content of the coins.<ref name="us-cong">{{cite book
  |title=Journals of the Continental Congress, Volume 28
  |pages=354–357
  |year=1785
  |url=http://memory.loc.gov/cgi-bin/ampage?collId=lljc&fileName=028/lljc028.db&recNum=368&itemLink=r%3Fammem%2Fhlaw%3A%40field%28DOCID%2B%40lit%28jc0295%29%29%230290012&linkText=1
  |access-date=2008-02-05
  |archive-date=2017-02-02
  |archive-url=https://web.archive.org/web/20170202002413/http://memory.loc.gov/cgi-bin/ampage?collId=lljc&fileName=028%2Flljc028.db&recNum=368&itemLink=r%3Fammem%2Fhlaw%3A%40field%28DOCID%2B%40lit%28jc0295%29%29%230290012&linkText=1
  |url-status=live
  }}</ref>
The first [[United States dollar|U.S. dollar]] coins were not issued until April 2, 1792, and the peso continued to be officially recognized and used in the United States, along with other foreign coins, until February 21, 1857. In Canada, it remained legal tender, along with other foreign silver coins, until 1854 and continued to circulate beyond that date.

The Mexican peso also served as the model for the [[Straits dollar]] (now the [[Singapore dollar]]/[[Brunei dollar]]), the [[Malaysian ringgit]], the [[Hong Kong dollar]], the [[Japanese yen]], the [[South Korean won|Korean won]], and the [[Renminbi|Chinese yuan]].<ref>{{cite web |url=http://www.globalfinancialdata.com/index.php3?action=showghoc&country_name=CHINA |title=Global Financial Data |access-date=2012-09-30 |url-status=dead |archive-url=https://web.archive.org/web/20070929102711/http://www.globalfinancialdata.com/index.php3?action=showghoc&country_name=China |archive-date=2007-09-29 }}</ref> The Chinese word "yuan" means "round", describing the [[Spanish dollar]]s, Mexican "cap-and-ray" pesos and other silver dollars used in China from the 18th to 20th centuries. The Mexican peso was also briefly legal tender in 19th century Siam, where government mints were unable to accommodate a sudden influx of foreign traders, and was exchanged at a rate of three pesos to five [[Thai baht#History|Thai baht]].<ref>Terwiel, B.J., Thailand's Political History, p. 160</ref>

===21st century===
Some establishments in border areas of the United States accept Mexican pesos as currency, such as certain border [[Walmart]] stores, certain border gas stations such as Circle K, and the La Bodega supermarkets in [[San Ysidro]] on the [[San Ysidro Port of Entry|Tijuana border]].<ref>{{cite web|url=https://www.facebook.com/LaBodegaMarket/|title=La Bodega Market|website=Facebook.com|access-date=16 October 2017|archive-date=26 March 2023|archive-url=https://web.archive.org/web/20230326201622/https://www.facebook.com/LaBodegaMarket|url-status=live}}</ref> In 2007, [[Pizza Patrón]], a chain of pizza restaurants in the southwestern part of the U.S., started to accept the currency, sparking controversy in the United States.<ref>{{cite news | title=Pizza chain sparks debate by accepting pesos | url=https://www.nbcnews.com/id/wbna16581765 | publisher=[[NBC News]] | date=2007-01-12 | access-date=2008-01-30 | archive-date=2013-04-10 | archive-url=https://web.archive.org/web/20130410234500/http://www.nbcnews.com/id/16581765 | url-status=live }}</ref><ref>{{cite news | first= Gretel | last= Kovach | title= Pizza Chain Takes Pesos, and Complaints | url= https://www.nytimes.com/2007/01/15/us/15Pizza.html?n=Top/News/World/Countries%20and%20Territories/Mexico | newspaper= [[The New York Times]] | date= 2007-01-14 | access-date= 2008-01-30 | archive-date= 2013-05-10 | archive-url= https://web.archive.org/web/20130510232318/http://www.nytimes.com/2007/01/15/us/15Pizza.html?n=Top/News/World/Countries%20and%20Territories/Mexico | url-status= live }}</ref>

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