$010 Peso Coins and Gold and Non Me Again

Currency of Mexico

Mexican peso
Peso Mexicano (Spanish)
Observe of the MX$200 note
ISO 4217
Code	MXN
Number	484
Exponent	two
Denominations
Subunit
1/100	centavo
Symbol	$ , MX$, or Mex$
centavo	¢
Banknotes
Freq. used	$20, $l, $100, $200, $500
Rarely used	$1,000
Coins
Freq. used	$1, $2, $5, $10
Rarely used	five¢, x¢, twenty¢, 50¢, $xx, $50, $100
Demographics
User(south)	United mexican states
Issuance
Central bank	Bank of Mexico
Website	world wide web.banxico.org.mx
Printer	Bank of Mexico
Website	www.banxico.org.mx
Mint	Casa de Moneda de México
Website	www.cmm.gob.mx
Valuation
Inflation	3.95% (July 2019)
Source	Banco de Mexico, July 2019

The Mexican peso (symbol: $; code: MXN) is the currency of United mexican states. Modernistic peso and dollar currencies accept a common origin in the 16th–19th century Spanish dollar, nigh standing to use its sign, "$".^[1]

The electric current ISO 4217 code for the peso is MXN; prior to the 1993 revaluation, the lawmaking MXP was used. The peso is subdivided into 100 centavos , represented by "¢". The Mexican peso is the 15th well-nigh traded currency in the world, the tertiary nigh traded currency from the Americas (subsequently the United States dollar and Canadian dollar), and the most traded currency from Latin America.^[2] As of 26 September 2021^[update], the peso'southward exchange rate was $23.51 per euro, $20.06 per U.S. dollar, and $xv.85 per Canadian dollar.^[3]

History [edit]

Etymology [edit]

The name was start used in reference to pesos oro (gold weights) or pesos plata (argent weights). The Spanish word peso ways "weight". Compare the British pound sterling. Other countries that use pesos are Argentina, Chile, Colombia, Republic of cuba, Dominican Republic, the Philippines, and Uruguay.^[iv]

Existent [edit]

Silver peso or 8 reales of "cap and ray" design used for East Asian trade, 1840

The currency system in utilize in Spanish America from the 16th to 19th centuries consisted of silverish reales, weight 3.433 grams and fineness 67/72 = 93.1%, as well as aureate escudos, weight 3.383 1000 and fineness 11/12 = 91.vii%. Past the 19th century the silver real weighed 3.383 g, 65/72 = 90.three% fine, while the gold escudo's fineness was reduced to 21 karats or 87.five% fine.

15-sixteen silver reales were worth a golden escudo, and eight-real coins of 24.44 g fine silvery were widely called pesos in Castilian America and dollars in England and its American colonies. These pesos or dollars were minted from the rich silver mine outputs of modern-day Mexico and Bolivia and exported in large quantities to Europe and Asia. These pesos served every bit a global silver standard reserve currency until the kickoff of the 20th century, and became the model for the diverse pesos of Spanish America as well equally (among others) the Usa dollar, Chinese yuan and the Japanese yen.^[five] Mexican silverish pesos of original cap-and-ray blueprint were legal tender in the The states until 1857 and in Red china until 1935.

Get-go peso [edit]

While the United States divided their dollar into 100 cents early on from 1793, post-independence Mexico retained the peso of viii reales until 1863 when the Second Mexican Empire nether Emperor Maximillan commenced the minting of pesos divided into 100 centavos. The restored Mexican republic under Benito Juarez and Porfirio Diaz continued the minting of centavo coins in base metallic or silver, besides every bit gold coins in pesos, only information technology had to revert the silverish 1-peso money to the one-time eight reales "cap-and-ray design" from 1873-1897 afterwards E Asian merchants rejected or discounted the newly-designed peso coins.

The mail-independence silver peso contained 27.07 grams of 90.three% fine silver (24.44 g fine) while the gold peso or 1/ii escudo contained i.6915 grams of 87.v% fine golden (1.48 yard fine). After most of Europe switched to the gilt standard in the 1870s the gold peso substantially rose in value against the silver peso, until information technology became ii silver pesos to a gold peso or a gold U.S. dollar past 1900. In 1905 the peso was solely defined every bit 0.75 1000 fine golden.

From 1918 onward the weight and fineness of all the silver coins declined, until 1977, when the last argent 100-peso coins were minted. The U.Due south. dollar was worth MXP two.00 from 1905 to 1929, rising after until it stabilized at MXP 12.50 from 1954 to 1976.

New peso [edit]

Throughout nigh of the 20th century, the Mexican peso remained one of the more stable currencies in Latin America, since the economic system did non experience periods of hyperinflation mutual to other countries in the region. However, after the oil crisis of the late 1970s, Mexico defaulted on its external debt in 1982, and as a result the country suffered a severe example of capital letter flight, followed by several years of aggrandizement and devaluation. The U.S. dollar leapt from MXP 12.l to MXP 19.40 in 1976, and again from MXP 23 to MXP 150 in 1982,^[6] stabilizing only in the early 1990s at above three,000 MXP/USD when a government economic strategy called the "Stability and Economic Growth Pact" (Pacto de estabilidad y crecimiento económico, PECE) was adopted under President Carlos Salinas.

On January ane, 1993, the Banking company of Mexico introduced a new currency, the nuevo peso ("new peso", or MXN), written "N$" followed by the numerical amount.^[7] One new peso, or N$1.00, was equal to 1000 of the obsolete MXP pesos.^[7]

The transition was done with minimum defoliation by issuing the Series B "nuevo peso" banknotes with almost identical design to the Series A in one-time pesos except for three zeros removed from numerical amounts. Old and new pesos circulated at the same time from 1993 to 1995, but old peso Series A banknotes were gradually retired, and newly-designed Series C "nuevo peso" banknotes commenced in 1994. From January 1, 1996 the "nuevo peso" was simply renamed to "peso", and new Series D banknotes were issued identical to Series C except for the word "nuevo" dropped. The ISO 4217 lawmaking, all the same, remained unchanged as MXN.

The new Mexican peso, yet, connected to depreciate versus the U.South. dollar, with the dollar rising sharply from MXN 3.iv to MXN 7.ii after the Mexican peso crisis of December 1994. Information technology would then trade at 9-12 MXN/USD betwixt 1998-2008, at 12-14 MXN/USD betwixt 2008-2014, and at eighteen-20 MXN/USD betwixt 2016-2019.^[eight] Notwithstanding these diverse difficulties the Mexican currency has experienced much less cumulative aggrandizement when compared to several other currencies in Latin America, and the Mexican peso is now among the 15 most traded currency units.

Coins [edit]

Real [edit]

Coins issued from the 16th to 19th centuries under the Spanish American arrangement of reales and escudos included

• in aureate: 1⁄ii , ane, ii, 4 and 8 escudos, with 1 escudo ≈ 2 pesos or xvi reales.
• in silvery: 1⁄ii , one, ii, 4 and 8 reales, with 1 peso = 8 reales.

Additionally, United mexican states issued copper coins denominated in tlacos or ane⁄8 thursday existent. Post-independence silver coins were of the cap and ray design showing a radiant Phrygian cap marked "Libertad" (liberty), which became familiar to East Asian traders. This design ended in 1872 with the minting of "centavo" coins except for the silver 8-reales which was revived as a merchandise coin from 1873-1897.

Peso, 19th century [edit]

The Second Mexican Empire of 1863-1867 commenced the minting of coins denominated in pesos and centavos, minting the copper i-centavo, silver five, 10 and 50 centavos, the silver 1-peso and the gilded 20-peso. The last two coins featured the portrait of Emperor Maximilian on the obverse, and the imperial artillery of the curt-lived empire on the reverse.^{[9] [10]}

The Restored Mexican republic of 1867 continued the minting of coins in pesos and centavos. The copper 1-centavo coin was connected; silvery (.9027 fine) coins of 5, ten, 20, 25 and fifty centavos and one peso commenced in 1867; and gold coins of one, 2 1⁄2 , 5, 10 and 20 pesos commenced in 1870. The obverses featured the Mexican 'hawkeye' and the legend "Republica Mexicana". The reverses of the larger coins showed a pair of scales; those of the smaller coins, the denomination.

In 1882, cupro-nickel 1, 2 and five centavos coins were issued merely they were only minted for two years. Despite the discontinuation of the newly-designed silver peso in 1873, in 1898 the denomination on the "cap-and-ray" coin was successfully revised from "8 reales" to "1 peso" without beingness rejected in Red china; this continued to exist minted equally trade coinage until 1909. From 1900 the marketplace value of the gold coins have approximately doubled versus their face up values.

20th century [edit]

2-peso centennial commemorative, 1921.

100 pesos of the former Mexican peso, 1988.

In 1905 a monetary reform was carried out in which the gold content of the peso was reduced by 49.36% and the silverish coins were (with the exception of the 1-peso) reduced to token issues. Statuary 1- and ii-centavos, nickel v-centavos, silver 10-, 20-, and l-centavos and golden v- and 10-pesos were issued.

In 1910, a new peso coin was issued, the famous Caballito, considered one of the well-nigh beautiful of Mexican coins. The obverse had the Mexican official coat of arms (an eagle with a serpent in its beak, standing on a cactus plant) and the legends "Estados Unidos Mexicanos" and "United nations Peso." The reverse showed a woman riding a horse, her hand lifted high in exhortation property a torch, and the date. These were minted in .903 silver from 1910 to 1914.

In 1947, a new upshot of silver coins was struck, with the 50-centavo and one-peso in .500 fineness and a new 5-peso coin in .900 fineness. A portrait of José María Morelos appeared on the one peso and this was to remain a characteristic of the i-peso coin until its demise. The silver content of this series was 5.4 g to the peso. This was reduced to 4 g in 1950, when .300 fineness 25- and 50-centavo, and 1-peso coins were minted alongside .720 fineness 5 pesos. A new portrait of Morelos appeared on the 1 peso, with Cuauhtemoc on the 50-centavo and Miguel Hidalgo on the 5-peso coins. No reference was fabricated to the silver content except on the five-peso coin. During this flow five peso, and to a lesser extent, x-peso coins were also used as vehicles for occasional commemorative strikings.^[11]

Between 1960 and 1971, new coinage was introduced, consisting of brass ane- and 5-centavos, cupro-nickel 10-, 25-, and 50-centavos, 1-, 5-, and x-pesos, and silver 25-pesos (only issued 1972). In 1977, silver 100-pesos were issued for circulation. In 1980, smaller 5-peso coins were introduced alongside 20-pesos and (from 1982) fifty-pesos in cupro-nickel. Between 1978 and 1982, the sizes of the coins for 20 centavos and above were reduced. Base metal 100-, 200-, 500-, 1,000-, and 5,000-peso coins were introduced between 1984 and 1988.

New peso coins [edit]

Equally noted higher up, the nuevo peso ("new peso") was the result of elevated rates of inflation in United mexican states during the 1980s. In 1993, President Carlos Salinas de Gortari stripped three zeros from the peso, creating a parity of $1 new peso for $1,000 of the old ones.^[seven]

Coins of the new currency (dated 1992) were introduced in 1993 in the post-obit denominations:

• five and 10 centavos in stainless steel;
• twenty and 50 centavos in aluminum bronze (switched to stainless steel in 2009);
• Bimetallic 1, ii and 5 nuevos pesos, with aluminum bronze centers and stainless steel rings; and
• Bimetallic 10, 20 and 50 nuevos pesos, with sterling silver (0.925 fine) centers and aluminum bronze rings.

In 1996, the word nuevo was removed from the coins. In 1997 regular-issue 10-peso coins were minted with base metal replacing the argent centre. In 2000 commemorative 20-peso coins as well began to minted without silverish. Though the 50- and 100-peso coins are the only currently circulating coinage in the globe to contain any silver, they rarely circulate considering their silver content of one/two troy ounce have exceeded 100 pesos in value since around 2010.

In 2003 the Banco de México began the gradual launch of a new series of bimetallic $100 coins. These number 32 – 1 for each of the nation's 31 states, plus Mexico City. While the obverse of these coins bears the traditional coat of arms of Mexico, their reverses prove the private coats of artillery of the component states. The first states to be celebrated in this fashion were Zacatecas, Yucatán, Veracruz, and Tlaxcala. In circulation, they are extraordinarily rare, but their novelty value offsets the unease most users feel at having such a large amount of money in a single coin. Although the Banking company has tried to encourage users to collect total sets of these coins, issuing special display folders for this purpose, the high toll involved has worked confronting them. Bullion versions of these coins are too available, with the outer ring made of aureate instead of aluminum bronze.

Equally of 2020 the coins virtually commonly encountered in circulation have face up values of 50¢, $one, $2, $5 and $10. Commemorative $20 coins are less commonly encountered than $twenty notes. The 5¢ coin has been withdrawn from circulation in 2002, while the 10¢ and 20¢ coins have gradually dropped out of circulation due to their depression value. Some commodities are priced in multiples of ten¢, but stores may choose to round the total prices to 50¢. There is likewise a trend for supermarkets to ask customers to circular up the total to the nearest 50¢ or one peso to automatically donate the departure to charities.

1992 Serial [12] [13]
Value	Technical parameters			Clarification			Minting history
	Bore	Weight	Composition	Edge	Obverse	Contrary	Twelvemonth	Quantity
5¢	15.five mm	1.58 g	Stainless steel 16% ~ 18% chromium 0.75% nickel, maximum 0.12% carbon, maximum 1% silicon, maximum 1% manganese, maximum 0.03% sulfur, maximum 0.04% phosphorus, maximum remaining of iron	Plain	State title, coat of arms	Stylized image of the solar rays of the "Ring of the Quincunxes of the Sun Rock."	1992	136'800,000
x¢	17 mm	two.08 g				Stylized image of the "Ring of the Cede of the Sun Stone."	1992	###,###
10¢	14 mm	1.755 k		Slotted	Land title, coat of arms	Stylized paradigm of the "Ring of the Sacrifice of the Sunday Stone."	2009	###,###
20¢	nineteen.v mm (shortest) Dodecagon	iii.04 g	Aluminium statuary 92% copper 6% aluminium 2% nickel	Plain	State championship, coat of arms	Stylized image of the "Thirteenth Acatl 24-hour interval of the Sun Stone."	1992	###,###
20¢	15.iii mm	2.258 thou	Stainless steel (as 10¢)	Segmented reeding	State title, coat of artillery	Stylized image of the "Thirteenth Acatl Solar day of the Lord's day Stone."	2009	###,###
50¢	22 mm Scalloped shape	4.39 g	Aluminium bronze 92% copper 6% aluminium 2% nickel	Apparently	State title, coat of arms	Stylized epitome of the "Ring of Acceptance of the Dominicus Rock."	1992	###,###
l¢	17 mm	3.103 g	Stainless steel (as x¢)	Reeded edge	Country title, coat of arms	Stylized image of the "Ring of Credence of the Sun Stone."	2009	###,###
N$1 or $1	21 mm	3.95 g R: two.fourteen g C: 1.81 yard	Band: Stainless steel (as 10¢) Middle: Aluminium bronze (as 50¢)	Plainly	State title, coat of arms	Stylized image of the "Ring of Splendor of the Sun Rock."	N$: 1992 $: 1996	###,###
Northward$2 or $2	23 mm	v.19 g R: 2.81 thousand C: 2.38 1000				Stylized image of the "Band of the Days of the Sunday Stone."		###,###
Due north$5 or $5	25.5 mm	7.07 thousand R: 3.82 g C: three.25 k				Stylized image of the "Band of the Serpents of the Sun Rock."		###,###
$x	28 mm	10.329 m R: 5.579 chiliad C: iv.75 g	Ring: Aluminium bronze (as 50¢) Eye: 65% copper 25% zinc ten% nickel	Reeded edge	State title, coat of artillery	Circle of the Lord's day Stone representing Tonatiuh with the burn down mask.	1997	###-###
Commemorative Coins (selected) [14]
Value	Technical parameters			Clarification			Minting history
	Diameter	Weight	Composition	Border	Obverse	Reverse	Year	Quantity
$5	25.five mm	7.07 g R: three.82 g C: 3.25 g	Band: Stainless steel (as 10¢) Centre: Aluminium bronze (every bit 50¢)	Reeded edge	Country title, coat of arms	Mexican Bicentennial Series	2008-2010	###-###
North$10 or $10	28 mm	xi.183 grand R: 5.579 g C: 5.604 g	Band: Aluminium bronze (as 50¢) Center: 92.5% silver (1/6oz) 7.5% copper	Reeded edge	State championship, coat of arms	Circle of the Sunday Rock representing Tonatiuh with the fire mask.	N$: 1992 $: 1996	###-###
$10	28 mm	10.329 yard R: 5.579 thou C: 4.75 chiliad	Band: Aluminium statuary (as l¢) Middle: 65% copper 25% zinc ten% nickel	Inscription	State title, coat of arms	Value, Tonatiuh from the Aztec sunday stone at the center, "AÑO 2000" or "AÑO 2001" instead of "DIEZ PESOS" as commemorative legend	2000	###-###
Northward$20	32 mm	16.996 k R: eight.59 g C: eight.406 g	Ring: Aluminium bronze (as l¢) Eye: 92.v% silver (1/4oz) seven.five% copper	Segmented reeding	State championship, coat of arms	Miguel Hidalgo	1993	###-###
$20	32 mm	15.945 k R: viii.59 g C: seven.355 g	Band: Aluminium statuary (as 50¢) Eye: Cupronickel 75% copper 25% nickel	Milled	State title, coat of arms	Xiuhtecuhtli Year 2000, Aztec "New Burn" ceremony	2000	###-###
						Octavio Paz		###-###
N$50	39 mm	33.967 thousand R: 17.155 g C: 16.812 g	Band: Aluminium bronze (as fifty¢) Center: 92.5% silver (1/2oz) 7.v% copper	Reeded edge	State title, coat of arms	Value, the Hero Cadets of the Battle of Chapultepec	1993	###-###
$100	39 mm	33.967 thousand R: 17.155 thou C: 16.812 g	Ring: Aluminium statuary (as 50¢) Center: 92.v% argent (i/2oz) 7.5% copper	Intermittent milling	Country title, glaze of artillery	Coats of arms of the 31 States of United mexican states and the Federal District (In reverse alphabetical order)	2003	###-###
						Culture of us (due east.g. compages, wildlife, flora, fine art, scientific discipline, dances) (In normal alphabetical gild)	2005	###-###
These images are to calibration at 2.v pixels per millimetre. For table standards, come across the money specification table.

Banknotes [edit]

First [edit]

A ten-peso banknote of the London Bank of Mexico and Due south America at the National Numismatic Museum, Mexico City.

The showtime banknotes issued past the Mexican state were produced in 1823 past Emperor Agustin de Iturbide in denominations of 1, 2 and 10 pesos. Similar issues were made by the republican regime subsequently that aforementioned year. X-pesos notes were too issued by Emperor Maximilian in 1866 but, until the 1920s, banknote production lay entirely in the hands of private banks and local authorities.

In 1920, the Monetary Commission (Comisión Monetaria) issued 50-centavos and one-peso notes whilst the Bank of United mexican states (Banco de México) issued 2-pesos notes. From 1925, the Bank issued notes for 5, 10, 20, 50 and 100 pesos, with 500 and thousand pesos following in 1931. From 1935, the Bank likewise issued 1-peso notes and, from 1945, 10,000 pesos. These notes are printed by the American Banking company Note Company. The banknote of 10,000 pesos was kept in circulation between 1945 and 1956 and was put into circulation once again in 1979, being replaced by the 10,000 banknotes that would come into circulation in 1982.

New serie of notes are printed and issued by the Bank of United mexican states, starting in 1969 with 10 pesos, followed by 5 pesos in 1971, 20 and 50 pesos in 1973, 100 pesos in 1975, one,000 pesos in 1978, 500 pesos in 1979 and 10,000 pesos in 1982.

Production of 1-peso notes ceased in 1970, followed past 5 pesos in 1972, 10 and xx pesos in 1977, 50 pesos in 1984, 100 pesos in 1985, 500 pesos in 1987 and 1,000 pesos in 1988. 5,000-pesos notes were introduced in 1980, followed by 2,000 pesos in 1983, 20,000 pesos in 1985, 50,000 pesos in 1986 and 100,000 pesos in 1991.^[15]

Series AA [edit]

Printed by the American Bank Note Visitor
Value	Dimensions (millimeters)	Design		Date of
		Obverse	Reverse	upshot[16]	withdrawal[sixteen]
MXP $one	157 x 67 mm	Aztec sun rock	Angel of Independence	1936	1970
MXP $5	157 x 67 mm	Portrait of an Algerian immature woman, popularly known every bit "the gipsy"	Affections of Independence	1937	1971
MXP $10	157 x 67 mm	Portrait of a young woman wearing the typical costume of Zapotec women from Oaxaca, known equally "la Tehuana"	Landscape painting of the City of Guanajuato by Carl Nebel	1937	1969
MXP $twenty	157 10 67 mm	Josefa Ortiz de Domínguez	Curtilage of the Convent of San Agustín in Querétaro	1937	1973
MXP $50	157 10 67 mm	Ignacio Allende	Angel of Independence	1941	1973
MXP $100	157 10 67 mm	Miguel Hidalgo	Coat of arms of Mexico	1945	1975
MXP $500	157 ten 67 mm	José María Morelos	Façade of the Palace of Mines in Mexico City	1936	1979
MXP $1,000	157 10 67 mm	Cuauhtémoc	El Castillo at Chichen Itza	1936	1978
MXP $ten,000	157 x 67 mm	Matías Romero	Façade of the National Palace and Zócalo	1943	1982

Printed past the Bank of Mexico
Value	Dimensions (millimeters)	Design		Date of
		Obverse	Reverse	result[17]
MXP $5	157 ten 67 mm	Josefa Ortiz de Domínguez, eagle devouring a rattlesnake	Querétaro Aqueduct	19 July 1971
MXP $10	157 x 67 mm	Miguel Hidalgo, bell of Dolores	Dolores Hidalgo parish	15 December 1969
MXP $20	157 x 66 mm	José María Morelos, Colegio de San Nicolás Obispo	Temple of the Feathered Ophidian in Teotihuacan	28 May 1973
MXP $50	157 x 67 mm	Benito Juárez, National Palace	Zapotec funerary urn and temple at Mitla.	15 November 1973
MXP $100	157 x 67 mm	Venustiano Carranza, fragment of La trinchera by José Clemente Orozco	Chacmool	19 November 1975
MXP $500	157 10 67 mm	Francisco I. Madero	Aztec sun stone	19 Nov 1979
MXP $1,000	157 x 67 mm	Sor Juana Inés de la Cruz	Plaza de Santo Domingo, Mexico City	11 Dec 1978

Series A [edit]

Prototype		Value	Dimensions (millimeters)	Pattern		Engagement of
Obverse	Reverse			Obverse	Reverse	issue[18]
		MXP $2,000	157 10 67 mm	Justo Sierra, UNAM's Central Library	Royal and Pontifical University of Mexico during the 19th century.	28 November 1983
		MXP $5,000	157 x 67 mm	Niños Héroes, emblem of the San Blas Battalion	Chapultepec Castle, bluecoat of the Heroic Military Academy	12 September 1980
		MXP $x,000	157 x 67 mm	Lázaro Cárdenas, La Cangrejera refinery	Templo Mayor discoveries, Coyolxauhqui	18 March 1982
		MXP $20,000	157 x 67 mm	Andrés Quintana Roo, Tulum	Mural of Bonampak, Yaxchilan Lintel 25	thirteen Nov 1985
		MXP $l,000	157 10 67 mm	Cuauhtémoc	The fusion of 2 cultures past Jorge González Camarena	2 December 1986
		MXP $100,000	157 ten 67 mm	Plutarco Elías Calles, façade of the Bank of United mexican states building	Guaymas Bay and white-tailed deer	2 September 1991

2nd peso [edit]

Series B [edit]

In 1993, notes were introduced in the new currency for 10, xx, fifty, and 100 nuevos pesos. These notes are designated series B by the Banking concern of United mexican states (Banco de México). (It is important to annotation that this series designation is not the 1 or 2 letter series label printed on the banknotes themselves.) All were printed with the date July 31, 1992. The designs were carried over from the respective notes of the onetime peso.

Value	Dimensions (millimeters)	Pattern		Date of
		Obverse	Reverse	outcome[19]
MXN $ten	155 10 66 mm	Lázaro Cárdenas, La Cangrejera refinery	Templo Mayor, Coyolxauhqui	1 January 1993
MXN $xx	155 x 66 mm	Andrés Quintana Roo, Tulum	Landscape of Bonampak, Yaxchilan Lintel 25	ane January 1993
MXN $50	155 ten 66 mm	Cuauhtémoc	The fusion of two cultures by Jorge González Camarena	one Jan 1993
MXN $100	155 x 66 mm	Plutarco Elías Calles, façade of the Bank of Mexico edifice	Guaymas Bay and white-tailed deer	1 January 1993

Series C [edit]

All Series C notes had brand new designs and were printed with the date Dec x, 1993, but they were not issued until October 1994. The word "nuevos" remained, and banknotes in denominations of 200 and 500 nuevos pesos were added. The 500 nuevos pesos note was worth more than than Usa$100 when information technology was introduced, but its value dropped to most equal to $100 by the end of 1994.

Value	Dimensions (millimeters)	Design		Date of
		Obverse	Reverse	consequence
MXN $ten	129 x 66 mm	Emiliano Zapata, hands holding ears of maize	Statue of Zapata in Cuautla, Popocatépetl and Iztaccíhuatl	three October 1994[20]
MXN $20	129 ten 66 mm	Benito Juárez, glaze of arms of the 2nd Federal Republic of United mexican states	Benito Juárez Hemicycle, Mexico Urban center	3 October 1994[xx]
MXN $l	129 10 66 mm	José María Morelos, flag used by Morelos at the Mexican War of Independence	Scene from Lake Pátzcuaro, Michoacán	three October 1994[20]
MXN $100	155 x 66 mm	Nezahualcóyotl	Sculpture of Xōchipilli, sculpture of Xiuhcoatl	3 Oct 1994[20]
MXN $200	155 x 66 mm	Sor Juana Inés de la Cruz, a volume, an inkwell and her library	Façade of the Temple of San Jerónimo	3 Oct 1994[20]
MXN $500	155 x 66 mm	Ignacio Zaragoza, fragment of Fuertes combates sostenidos en los cerros de Loreto y Guadalupe past Josep Cusachs	Puebla Cathedral	3 October 1994[20]

Serial D [edit]

The next series of banknotes, designated Serial D, was introduced in 1996. It is a modified version of Series C with the word "nuevos" dropped, the bank title changed from "El Banco de México" to "Banco de México" and the clause "pagará a la vista al portador" (Pay at sight to the bearer) removed. At that place are several printed dates for each denomination. In 2000, a commemorative serial was issued which was like serial D except for the additional text "75 aniversario 1925-2000" under the banking concern title. Information technology refers to the 75th anniversary of the establishment of the Bank. While series D includes the $10 note and is still legal tender, they are no longer printed, are seldom seen, and the coin is more common. $ten notes are rarely found in circulation.

Starting from 2001, each denomination in the serial was upgraded gradually. On October 15, 2001, in an effort to combat counterfeiting, Series D notes of 50 pesos and in a higher place were farther modified with the improver of an iridescent strip. On notes of 100 pesos and above, the denomination is printed in colour-shifting ink in the top correct corner.

On September 30, 2002, a new $xx note was introduced. The new $twenty is printed on longer-lasting polymer plastic rather than newspaper. A new $chiliad note was issued on November 15, 2004, which was worth about US$88 upon introduction. The Depository financial institution of United mexican states refers to the $twenty, $l, and $1000 notes during this wave of modify as "series D1".

Series D
Value	Dimensions (millimeters)	Main Color	Description		Date of
			Obverse	Reverse	printing	issue	withdrawal
MXN $10	129 × 66 mm	Aqua	Emiliano Zapata, easily holding ears of maize	Statue of Zapata in Cuautla, Popocatépetl and Iztaccíhuatl	6 May 1994	ane Jan 1996[21]	1997
MXN $20		Blueish	Benito Juárez, glaze of arms of the 2nd Federal Republic of Mexico	Benito Juárez Hemicycle in United mexican states City	vi May 1994 17 May 2001(polymer)	ane January 1996[21] 30 September 2002	electric current
MXN $50		Magenta	José María Morelos, flag used past Morelos at the Mexican War of Independence	Scene from Lake Pátzcuaro, Michoacán	vi May 1994 xviii Oct 2000(irised)	1 January 1996[21] xv October 2001
MXN $100	155 × 66 mm	Red	Nezahualcóyotl	Sculpture of Xōchipilli, sculpture of Xiuhcoatl	half dozen May 1994 eighteen October 2000(color shifting) ? (raised ink)	i January 1996[21] 15 Oct 2001 19 December 2005
MXN $200		Green	Sor Juana Inés de la Cruz, a book, an inkwell and her library	Façade of the Temple of San Jerónimo	vii Feb 1995 18 Oct 2000 (color shifting) ? (raised ink)
MXN $500		Dark-brown	Ignacio Zaragoza, fragment of Fuertes combates sostenidos en los cerros de Loreto y Guadalupe by Josep Cusachs	Puebla Cathedral
MXN $1,000		Purple	Miguel Hidalgo, bong of Dolores	University of Guanajuato, Baratillo Fountain	26 March 2002	15 Nov 2004[22]

On April 5, 2004, the Chamber of Deputies approved an initiative to need that the Banking concern of United mexican states produce by January 1, 2006 notes and coins that are identifiable past the blind population (estimated at more than 750,000 visually dumb citizens, including 250,000 that are completely bullheaded).^[23]

On December nineteen, 2005, $100, $200, and $500 MXN banknotes include raised, tactile patterns (like Braille), meant to make them distinguishable for people with vision incapacities. This system has been questioned^{[ citation needed ]} and many demand that information technology exist replaced past actual Braille and so information technology can be used past strange visitors to Mexico not used to these symbols.^[24] The Banco de México, however, says they will go along issuing the symbol bills.

The raised, tactile patterns are as follows:^[25]

Value	Description of pattern
$100	V diagonal lines adjacent, with a negative gradient, each broken up into three segments.
$200	Modest cleaved-up square design.
$500	Four horizontal lines under each other, each cleaved up into 3 segments.

Series F [edit]

In September 2006, it was announced that a new family unit of banknotes would be launched gradually. The 50-peso denomination in polymer was launched in November 2006. The 20-peso note was launched in August 2007. The ane,000-peso note was launched in March 2008.

The $200 was issued in 2008, and the $100 and $500 notes were released in August 2010. This family is the F Series. A revised $50 note, with improved security features was released on May 6, 2013. This note is part of the F Series family of banknotes issued by the Banco de Mexico (equally Type F1).^[26]

Serial F [27]
Image		Value	Dimensions (millimeters)	Principal Color	Description		Date of
Obverse	Reverse				Obverse	Reverse	printing	effect	withdrawal
		$twenty	120 × 66 mm	Bluish	Benito Juárez, balancing scale and book	Monte Albán, mask of Cocijo	19 June 2006	20 August 2007[28]	electric current
		$l	127 × 66 mm	Magenta	José María Morelos, flag used past Morelos at the Mexican War of Independence	Aqueduct of Morelia	5 November 2004 12 June 2012 (F1)	21 November 2006[29] six May 2013 (F1)[30]
		$100	134 × 66 mm	Red	Nezahualcóyotl	Representation of Templo Mayor channel and central plaza of Tenochtitlan, glyph of Nezahualcóyotl		9 August 2010[31]
		$200	141 × 66 mm	Green	Sor Juana Inés de la Cruz, books, an inkwell, two pens and a library window	Hacienda Panoaya in Amecameca, baptismal font and view of the Popocatépetl and Iztaccíhuatl	15 February 2008	8 September 2008[32]
		$500	148 × 66 mm	Brownish	Diego Rivera, Rivera's painting Desnudo con alcatraces, brushes and a palette	Frida Kahlo; Kahlo's painting The Honey Cover of the Universe, the Earth (United mexican states), Myself, Diego, and Señor Xolotl		30 August 2010[33]
		$1,000	155 × 66 mm	Purple	Miguel Hidalgo, bell of Dolores	Academy of Guanajuato		seven April 2008[34]

Commemorative banknotes [edit]

On September 29, 2009, The Bank of Mexico unveiled a set of commemorative banknotes. The 100-peso denomination note commemorates the centennial of the Beginning of the Mexican Revolution (1910–1920). The 200-peso denomination note commemorates the bicentennial of the start of the Mexican War for Independence which began in 1810. There was a printing error in the $100 notes, in the pocket-size letters (almost unnoticeable, as they are very small and the same color equally the waving lines), near the top right corner, just higher up the transparent corn, from the side of the "La Revolución contra la dictadura Porfiriana", information technology is written: "Sufragio electivo y no reelección" (Elective suffrage and no reelection), this supposed to exist a quote to Francisco I. Madero's famous phrase, but he said "Sufragio efectivo no reelección" (Valid Suffrage, No Reelection). President Felipe Calderón made a paper proclamation in which he apologized for this, and said that the notes were going to proceed in circulation, and that they would retain their value.^[35]

Besides, a 100-peso banknote that commemorates the 100th anniversary of the enactment of the Constitution of Mexico was unveiled and issued in 2017.^[36]

In 2019, the Bank of Mexico issued a new 200-peso banknote of the Series G issues, but containing a special overprint referencing the 25th Anniversary of the Bank of United mexican states's Autonomy from the Federal Authorities.

Commemorative notes from Series F and G [37]
Value	Dimensions (millimeters)	Main Color	Description		Date of
			Obverse	Reverse	press	issue	withdrawal
$100	134 × 66 mm	Carmine	Steam locomotive	Del Porfirismo a la Revolución (From the Dictatorship of Porfirio Díaz to the Revolution) by David Alfaro Siqueiros		23 September 2009[38]	electric current
$200	141 × 66 mm	Green	Miguel Hidalgo carrying a imprint that became the flag of the Insurgents	Affections of Independence located in Mexico City on the Paseo de la Reforma		23 September 2009[39]
$100	134 × 66 mm	Cherry-red	President Venustiano Carranza and Chairman of Congress Luis Manuel Rojas beingness sworn in before the Constituent Associates after alteration the Constitution (1917).	Congressmen swearing to observe and enforce the Mexican Constitution.		5 Feb 2017[40]

Series 1000 [edit]

In Baronial 2018 a new series of notes started circulating. New anti-counterfeiting measures were implemented. The obverse of the notes will portray important historical eras and individuals. The contrary of the notes will portray the various ecosystems of the state through 1 of the Globe Heritage sites of Mexico.

The 20, l, and 100-peso notes are produced in polymer, while the other banknotes will be printed on newspaper. This series did not originally consider including a $20 note, since information technology would gradually be replaced by a coin,^[41] but a $20 note to commemorate the bicentennial of Mexican independence was issued in September 2021.^[42] Should there be a demand, Banco de México will introduce a $two,000 note.^[41]

Series Thousand [27]
Image		Value	Dimensions (millimeters)	Main Color	Clarification		Engagement of
Obverse	Reverse				Obverse	Reverse	printing	event	withdrawal
		$20	120 10 65 mm	Red and Light-green	Bicentennial of Mexican independence	Mangrove ecosystem: Crocodile, red mangrove, and Sian Ka'an Biosphere Reserve.	half-dozen January 2021	24 September 2021
		$fifty	125 ten 65 mm	Magenta	Pre-Hispanic Mexico; Foundation of Tenochtitlan	Riparian and lake ecosystems represented past the axolotl and Xochimilco	31 March 2021	28 October 2021
		$100	132 10 65 mm	Crimson	New Kingdom of spain; Sor Juana Inés de la Cruz	Temperate woods ecosystems represented past the monarch butterfly and the Monarch Butterfly Biosphere Reserve	8 May 2020	12 Nov 2020[41]
		$200	139 x 65 mm	Green	Independent Mexico; Miguel Hidalgo and José María Morelos y Pavón	Desert and matorral ecosystems represented by the golden eagle and El Pinacate y Gran Desierto de Chantry Biosphere Reserve	28 November 2018[41]	2 September 2019[41]
		$500	146 x 65 mm	Blueish	La Reforma and restoration of the Democracy; Benito Juárez	Coastal, marine and insular ecosystems represented by the greyness whale and El Vizcaíno Biosphere Reserve	19 May 2017	27 August 2018[43]
		$1,000	153 x 65 mm	Greyness	Mexican Revolution; Francisco I. Madero, Hermila Galindo and Carmen Serdán	Tropical humid-wood ecosystems represented by the jaguar and Calakmul Biosphere Reserve	10 June 2019	19 November 2020[44]
		$ii,000	N/A	Yellow	Gimmicky Mexico; Octavio Paz and Rosario Castellanos	Dry out forest ecosystems represented by the Mexican long-nosed bat and Tequila agave landscape		Simply if necessary

Use outside Mexico [edit]

19th century [edit]

The Spanish dollar and Mexican peso served as global silverish standard reserve currency, recognized all over Europe, Asia and the Americas from the 16th to 20th centuries. They were legal tender in the United States until 1857 and in China until 1935.

The 18th and 19th century Castilian dollar and Mexican peso were widely used in the early on U.s.. On July 6, 1785, the value of the United States dollar was set by decree to approximately friction match the Spanish dollar. Both were based on the silverish content of the coins.^[45] The first U.S. dollar coins were not issued until Apr 2, 1792, and the peso continued to exist officially recognized and used in the U.s., along with other strange coins, until Feb 21, 1857. In Canada, it remained legal tender, forth with other foreign argent coins, until 1854 and continued to broadcast across that appointment.

The Mexican peso also served as the model for the Straits dollar (at present the Singapore dollar/Brunei Dollar), the Malaysian ringgit, the Hong Kong dollar, the Japanese yen, the Korean won, and the Chinese yuan.^[46] The Chinese word ''yuan'' means "round", describing the Spanish dollars, Mexican "cap-and-ray" pesos and other silver dollars used in China from the 18th to 20th centuries. The Mexican peso was also briefly legal tender in 19th century Siam, when regime mints were unable to accommodate a sudden influx of foreign traders, and was exchanged at a rate of three pesos to five Thai baht.^[47]

21st-century use [edit]

The exchange rate of Mexican pesos per U.Due south. dollar since November 1991. Source: Banking concern of Mexico. latest rates

Some establishments in border areas of the United states of america accept Mexican pesos every bit currency, such as certain border Walmart stores, certain border gas stations such as Circle M, and the La Bodega supermarkets in San Ysidro on the Tijuana border.^[48] In 2007, Pizza Patrón, a chain of pizza restaurants in the southwestern part of the U.S., started to accept the currency, sparking controversy in the Us.^{[49] [50]} Other than in U.S., Guatemalan, and Belizean border towns, Mexican pesos are generally not accustomed as currency outside of United mexican states.^{[ citation needed ]}

Electric current MXN commutation rates
From Google Finance:	AUD CAD CHF CNY EUR GBP HKD JPY USD CAD EUR JPY
From Yahoo! Finance:	AUD CAD CHF CNY EUR GBP HKD JPY USD CAD EUR JPY
From XE.com:	AUD CAD CHF CNY EUR GBP HKD JPY USD CAD EUR JPY
From OANDA:	AUD CAD CHF CNY EUR GBP HKD JPY USD CAD EUR JPY

Run across also [edit]

• Cash
• Economy of Mexico
• Inflation hedge
• Mexican peso crisis
• Mexican Gold and Silvery Libertad coins
• Peso

References [edit]

1. ^ Corporation, Bonnier (i February 1930). Pop Scientific discipline. Bonnier Corporation. Retrieved sixteen Oct 2017 – via Internet Archive.
2. ^ "Triennial Central Banking concern Survey Strange substitution turnover in April 2013 : preliminary global results : Monetary and Economic Section" (PDF). Bis.org. September 2013. Retrieved 16 Oct 2017.
3. ^ "MXN - Mexican Peso rates, news, and tools". Xe.com . Retrieved 21 May 2020.
4. ^ "Moneda: peso" [Currency: peso]. Banderas de Estado del mundo (in Spanish). Retrieved July eighteen, 2019.
5. ^ Babones, Salvatore (Apr thirty, 2017). "'The Argent Fashion' Explains How the Old Mexican Dollar Changed the World". The National Interest.
6. ^ page nine. https://bfi.uchicago.edu/wp-content/uploads/The-Instance-of-Mexico.pdf
7. ^ ^{a b c} Darling, Juanita (1 Jan 1993). "New Pesos Introduced in Mexico". Los Angeles Times . Retrieved 25 August 2018.
8. ^ "US Dollar Peso Commutation Rate (USD MXN) - Historical Chart".
9. ^ Encyclopaedia Britannica. "Maximilian". Retrieved 25 August 2018.
10. ^ The Numismatist. Vol. 94. American Numismatic Association. 1982. p. 40.
11. ^ Polsson, Ken. "Mexico Coins: Type Collecting - Five Pesos". cointypes.info. Archived from the original on 17 Oct 2017. Retrieved xvi October 2017.
12. ^ Banco de MĂŠxico. "Banxico, banco central, Banco de México". Banxico.gob.mx. Retrieved 2020-06-04 .
13. ^ (PDF) https://web.annal.org/web/20070702193504/http://www.bibliojuridica.org/libros/ane/263/5.pdf. Archived from the original (PDF) on 2007-07-02. Retrieved 2020-06-04 .
14. ^ "Archived copy". www.banxico.org.mx. Archived from the original on half dozen April 2011. Retrieved 15 January 2022. {{cite web}}: CS1 maint: archived copy as championship (link)
15. ^ Banking company of Mexico. "Demonetized A-type banknotes, issued and printed by Banco de México". Banxico.org.mx. Retrieved 2020-06-04 .
16. ^ ^{a b} "Demonetized AA-type banknotes, issued by Banco de México and printed by the American Bank Note Company (ABNC)". banxico.org.mx . Retrieved 22 October 2019.
17. ^ "Billetes desmonetizados de la familia AA, emitidos y fabricados por Banco de México". banxico.org.mx (in Castilian). Retrieved 17 Oct 2019.
18. ^ "Billetes desmonetizados de la familia A, emitidos y fabricados por el Banco de México". banxico.org.mx (in Spanish). Retrieved 17 October 2019.
19. ^ "Billetes en proceso de retiro de la familia B". banxico.org.mx (in Spanish). Retrieved 17 October 2019.
20. ^ ^{a b c d eastward f} "Billetes en proceso de retiro de la familia C". banxico.org.mx (in Spanish). Retrieved 17 October 2019.
21. ^ ^{a b c d} "Billetes en proceso de retiro de la familia D". banxico.org.mx (in Spanish). Retrieved 17 October 2019.
22. ^ "Billetes en proceso de retiro de la familia D1". banxico.org.mx (in Spanish). Retrieved 17 October 2019.
23. ^ Ordenan emitir billetes para invidentes Archived 2005-09-xx at the Wayback Machine ("(The deputies) order production of bills for the non-seeing"). April 5, 2004. Retrieved on February 14, 2006 from esmas.com (in Spanish)
24. ^ [1] ^{[ expressionless link ]}
25. ^ "Emisión de billetes de 100, 200 y 500 pesos con marcas que permitan identificar su denominación a las personas invidentes" (PDF). Banxico.org.mx . Retrieved sixteen Oct 2017.
26. ^ Mexico new 50-peso note reported BanknoteNews.com. May vii, 2013. Retrieved on 2013-05-08.
27. ^ ^{a b} Bank of Mexico. "Currently manufactured, circulation, Banco de México". Banxico.org.mx. Retrieved 2020-06-04 .
28. ^ "20-peso banknote (F Type)". banxico.org.mx . Retrieved 17 October 2019.
29. ^ "fifty-peso banknote (F Type)". banxico.org.mx . Retrieved 17 October 2019.
30. ^ "50-peso banknote (F1 Type)". banxico.org.mx . Retrieved 17 October 2019.
31. ^ "100-peso banknote (F Type)". banxico.org.mx . Retrieved 17 October 2019.
32. ^ "200-peso banknote (F Type)". banxico.org.mx . Retrieved 17 October 2019.
33. ^ "500-peso banknote (F Type)". banxico.org.mx . Retrieved 17 October 2019.
34. ^ "1000-peso banknote (F Type)". banxico.org.mx . Retrieved 17 Oct 2019.
35. ^ Mexico 100-peso commemorative has error, BanknoteNews.com. Retrieved 2011-09-05.
36. ^ "Billete de 100 pesos F conmemorativo Const 1917, conmemorativo, Banco de México". world wide web.banxico.org.mx.
37. ^ "Archived copy". www.banxico.org.mx. Archived from the original on 28 June 2017. Retrieved 15 Jan 2022. {{cite spider web}}: CS1 maint: archived copy equally championship (link)
38. ^ "100-peso banknote commemorating the beginning of the Mexican Revolution". banxico.org.mx . Retrieved 17 October 2019.
39. ^ "200-peso banknote commemorating the first of Mexico'southward War of Independence". banxico.org.mx . Retrieved 17 October 2019.
40. ^ "100-peso banknote commemorating the 100th Anniversary of the Enactment of the Constitution". banxico.org.mx . Retrieved 17 Oct 2019.
41. ^ ^{a b c d east} Mera, Isaid. "Desaparecerá el billete de twenty pesos". El Financiero (in Spanish). Retrieved 28 Baronial 2018.
42. ^ "Billete de 20 pesos de la familia One thousand, conmemorativo del bicentenario de la Independencia Nacional".
43. ^ "Billete de 500 pesos de la familia G, circulación, Banco de México". Banxico (in Spanish). Retrieved 28 August 2018.
44. ^ "one thousand-peso banknote Thousand, circulation, Banco de México".
45. ^ Journals of the Continental Congress, Volume 28. 1785. pp. 354–357. Retrieved 2008-02-05 .
46. ^ "Archived re-create". Archived from the original on 2007-09-29. Retrieved 2012-09-xxx . {{cite web}}: CS1 maint: archived copy as title (link)
47. ^ Terwiel, B.J., Thailand's Political History, p. 160
48. ^ "La Bodega Market". Facebook.com . Retrieved 16 October 2017.
49. ^ "Pizza chain sparks argue by accepting pesos". NBC News. 2007-01-12. Retrieved 2008-01-30 .
50. ^ Kovach, Gretel (2007-01-fourteen). "Pizza Chain Takes Pesos, and Complaints". The New York Times . Retrieved 2008-01-30 .

External links [edit]

• Mexican Newspaper Money, description of the Mexican banknotes of the Depository financial institution of United mexican states issued from 1925 until at present.
• Current banknotes and coins at the site of Banco de México (Mexico's Central Banking company)
• Historia de la moneda y del billete en México, history of the currency from the Banco de México
• Images of celebrated and modern Mexican coins
• Historical banknotes of Mexico (in English and German)

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Source: https://en.wikipedia.org/wiki/Mexican_peso

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