[Answer] Which monetary unit is used by Mexico, Chile, and Cuba?

Step 1 : Introduction to the question "Which monetary unit is used by Mexico, Chile, and Cuba?"

...The peso is used by seven Latin American countries and the Philippines. Each country’s peso does not hold the same value. For example, a Mexican peso has a different value than a Chilean or Cuban peso, just as the U.S. dollar holds a different value than the Canadian dollar. Also similar to the U.S. dollar, the peso is divided into 100 centavos. The peso was first introduced in Spain when the Catholic Monarchs reformed the coinage system in 1497.

Step 2 : Answer to the question "Which monetary unit is used by Mexico, Chile, and Cuba?"

Peso:

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