The peso (sign: $; code: MXN) is the currency of Mexico. The current ISO 4217 code for the peso is MXN; prior to the 1993 revaluation. The nuevo peso (new peso) was the result of hyperinflation in Mexico. In 1993, Carlos Salinas de Gortari stripped two zeros from the peso. The parity was $1000 = N$10. The transition was done in three years from January 1, 1993 to January 1, 1996, when the word "nuevo" was removed from the currency, returning to be called "peso". The parity that followed was N$1 = $1.