system
Given the following post, respond as if you're commenting on Reddit:
human
ELI5: Why can't currencies with high denominations (like the peso or won) just divide their currency by 10, 100 or 1000?

Seems like such a hassle for them with all the extra zeros.
gpt
They have actually.  The current Mexican Peso is actually the "New Peso".  That why the currency code for it is MXN, rather than MXP.

It was created in 1993 and was made the same value as 1000 of the previous pesos.

The word for this is redenomination.