Banco de Mexico peso banknotes

Banco de Mexico peso banknotes are paper currency issues released by the central bank of Mexico for domestic circulation. Produced in a range of denominations, these banknotes are characterised by vibrant colours and visual themes drawn from Mexican culture and history. In line with the established design format, the obverse typically depicts portraits of prominent historical figures, whilst the reverse displays related historical and architectural motifs.

During the late twentieth century, economic difficulties and inflation prompted major changes to the currency. Banknotes issued prior to 1993 circulated under the old peso system, represented by the currency code MXP, and included high-denomination Series A issues such as 10,000, 20,000, 50,000, and 100,000 pesos. On 1 January 1993, the Bank of Mexico introduced a monetary reform that established the nuevo peso, or new peso, under the code MXN, with one new peso equating to one thousand of the obsolete pesos.

The transition between the two currency units was carried out by issuing Series B banknotes denominated in new pesos as N$10, N$20, N$50, and N$100. These notes utilised designs virtually identical to the corresponding Series A banknotes, sharing the same artwork and visual elements aside from the adjusted face values and the updated currency unit. The old Series A and new Series B notes circulated alongside one another between 1993 and 1995, during which time the older notes were systematically withdrawn.