$60,000.00 (SESENTA MIL PESOS 00/100 M.N.)

English translation: $60,000.00 (SIXTY THOUSAND PESOS 00/100 NAT. CURR.) (National Currency)

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

Spanish term or phrase:	$60,000.00 (SESENTA MIL PESOS 00/100 M.N.)
English translation:	$60,000.00 (SIXTY THOUSAND PESOS 00/100 NAT. CURR.) (National Currency)
Entered by:	Henry Hinds

20:38 Jul 18, 2014

Spanish to English translations [PRO]
Bus/Financial - Finance (general) / Mexican pesos

Spanish term or phrase: $60,000.00 (SESENTA MIL PESOS 00/100 M.N.)

This appears on a Mexican fiduciary document requesting funds to be released from a Trust - it is the sum requested. My question is what the 00/100 M.N. refers to?

James Peel KudoZ activity Questions: 53 (3 open) (3 without valid answers) (5 closed without grading) Answers: 102 United Kingdom
Local time: 07:53

$60,000.00 (SIXTY THOUSAND PESOS 00/100 NAT. CURR.) (National Currency)

Explanation:
The term I have used for 43 years is "National Currency" and I recommend it. Once established, it may also be abbreviated "N.C.".

If others prefer "Domestic", fine for them, I don't.

Selected response from:

Henry Hinds
United States
Local time: 00:53

Grading comment

Many thanks Henry!
4 KudoZ points were awarded for this answer

Summary of answers provided

5 +3

$60,000.00 (SIXTY THOUSAND PESOS 00/100 NAT. CURR.) (National Currency)

Henry Hinds

4 +2

$60,000.00 (sixty thousand and 0/100 pesos, domestic currency)

Laura Messer

Domestic currency

Rafael Mondragon Hernandez

MXN

Octavio Armendariz

local currency

Richard Cadena

Summary of reference entries provided

Previous question

Helena Chavarria

Discussion entries: 1

Answers

4 mins confidence:

Domestic currency

Explanation:
M.N. means Moneda nacional.

Rafael Mondragon Hernandez
Mexico
Local time: 00:53
Specializes in field
Native speaker of:

Spanish,

English

Notes to answerer

Asker: Thanks Rafael!

10 mins confidence:

peer agreement (net): +2

$60,000.00 (sixty thousand and 0/100 pesos, domestic currency)

Explanation:
The 00/100 refers to the decimal column (zero centimos). For example, if you are writing out the amount of a check in words, I learned to write out the amount as follows: sixty thousand and 0/100. M.N. is moneda nacional. This is probably to clarify what type of peso they are referring to.

Laura Messer
Canada
Works in field
Native speaker of: English

Notes to answerer

Asker: perfect - thanks so much

30 mins confidence:

MXN

Explanation:
MXN is the international symbol for the Mexican peso.

Octavio Armendariz
United States
Local time: 23:53
Specializes in field
Native speaker of: English
PRO pts in category: 28

1 hr confidence:

peer agreement (net): +3

$60,000.00 (SIXTY THOUSAND PESOS 00/100 NAT. CURR.) (National Currency)

Henry Hinds
United States
Local time: 00:53
Native speaker of:

English,

Spanish
PRO pts in category: 795

Grading comment

Many thanks Henry!

3 hrs confidence:

local currency

Explanation:
Moneda nacional is "local currency"
References
Glosario Internacional para el Traductor-Marina Orellana
Spanish-English Dictionary of Law and Business-Thomas L. West III
Diccionario de Terminología Contable y Financiera Especializada-Prof. Richard J. Cadena

Hope this helps.
Over 25 years of experience with big 4 and 2nd tier International CPA firms and other financial entities

Reference: http://imcp.org.mx
Reference: http://aicpa.org

Richard Cadena
Mexico
Local time: 00:53
Specializes in field
Native speaker of:

English
PRO pts in category: 379

Reference comments

10 mins peer agreement (net): +2

Reference: Previous question

Reference information:
http://www.proz.com/kudoz/spanish_to_english/law_contracts/1...

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Note added at 12 mins (2014-07-18 20:51:01 GMT)
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Spanish term or phrase: pesos 00/100 M.N.
From a Mexican lease contract:

la renta ha sido fijada en la cantidad de $1,185.00 (MIL CIENTO OCHENTA Y CINCO PESOS 00/100 M.N.)

What does the 00/100 mean? Should I just translate it as Mexican pesos?

cero centavos, Moneda Nacional
Explanation:
00/100 es, como dice hecdan, 0 centavos.
M.N. es la abreviatura usada en Mexico para Moneda Nacional (para aclarar que no se trata de dolares, etc)

1,185.00 Mexican Pesos

http://www.proz.com/kudoz/spanish_to_english/law_contracts/1...

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Note added at 14 mins (2014-07-18 20:52:29 GMT)
--------------------------------------------------

http://www.proz.com/kudoz/spanish_to_english/law_contracts/2...

Helena Chavarria
Spain
Works in field
Native speaker of:

English
PRO pts in category: 151

Note to reference poster

Asker: Thank you Helena - I did a term search but didn't find this - thanks so much!

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$60,000.00 (SESENTA MIL PESOS 00/100 M.N.)

English translation: $60,000.00 (SIXTY THOUSAND PESOS 00/100 NAT. CURR.) (National Currency)

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$60,000.00 (SESENTA MIL PESOS 00/100 M.N.)

English translation: $60,000.00 (SIXTY THOUSAND PESOS 00/100 NAT. CURR.) (National Currency)

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