Monetary System of Ireland and Mexico
Ireland
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Current currency: The Euro (EUR), adopted in 2002 when Ireland joined the eurozone as part of its integration into the European Union.
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Evolution: Before the euro, Ireland used the Irish pound (punt), which was tied to the British pound sterling until 1979, before Ireland joined the European Monetary System.
Mexico
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Current currency: The Mexican peso (MXN), in use since 1821, and one of the oldest currencies in Latin America.
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Evolution: The peso has undergone several reforms over time, especially in response to inflation and economic adjustments, and remains an independent currency.
Comparison
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Ireland uses the euro, which allows it to be closely linked to the European Union's economy, benefiting from a common currency shared by several countries. This facilitates intra-European trade and economic stability.
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Mexico, on the other hand, uses the Mexican peso, an independent currency that is not part of a monetary union, but maintains a close relationship with the U.S. dollar due to its strong trade and geographical ties with the United States.
* Note *
Ireland is part of a common monetary zone, which provides economic stability within the European Union, while Mexico has an independent currency that is closely tied to the U.S. dollar due to its trade relations with the United States.
Irland Is so beautiful because I remember Irland has a lot of culture such as México, the better thing of Irland Is a quiet place and a cold weather
ResponderBorrar