Mexican peso

Mexican peso

Overview
The peso is the currency
Currency
In economics, currency refers to a generally accepted medium of exchange. These are usually the coins and banknotes of a particular government, which comprise the physical aspects of a nation's money supply...

 of Mexico
Mexico
The United Mexican States , commonly known as Mexico , is a federal constitutional republic in North America. It is bordered on the north by the United States; on the south and west by the Pacific Ocean; on the southeast by Guatemala, Belize, and the Caribbean Sea; and on the east by the Gulf of...

. Modern peso
Peso
The word peso was the name of a coin that originated in Spain and became of immense importance internationally...

 and dollar
Dollar
The dollar is the name of the official currency of many countries, including Australia, Belize, Canada, Ecuador, El Salvador, Hong Kong, New Zealand, Singapore, Taiwan, and the United States.-Etymology:...

 currencies have a common origin in the 15th–19th century Spanish dollar
Spanish dollar
The Spanish dollar is a silver coin, of approximately 38 mm diameter, worth eight reales, that was minted in the Spanish Empire after a Spanish currency reform in 1497. Its purpose was to correspond to the German thaler...

, most continuing to use its sign, "$"
Dollar sign
The dollar or peso sign is a symbol primarily used to indicate the various peso and dollar units of currency around the world.- Origin :...

. The Mexican peso is the 12th most traded currency in the world, the third most traded in the Americas
Americas
The Americas, or America , are lands in the Western hemisphere, also known as the New World. In English, the plural form the Americas is often used to refer to the landmasses of North America and South America with their associated islands and regions, while the singular form America is primarily...

, and by far the most traded currency in Latin America
Latin America
Latin America is a region of the Americas where Romance languages  – particularly Spanish and Portuguese, and variably French – are primarily spoken. Latin America has an area of approximately 21,069,500 km² , almost 3.9% of the Earth's surface or 14.1% of its land surface area...

. The current ISO 4217
ISO 4217
ISO 4217 is a standard published by the International Standards Organization, which delineates currency designators, country codes , and references to minor units in three tables:* Table A.1 – Current currency & funds code list...

 code for the peso is MXN; prior to the 1993 revaluation (see below), the code MXP was used. The peso is subdivided into 100 centavos, represented by "¢".
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Encyclopedia
The peso is the currency
Currency
In economics, currency refers to a generally accepted medium of exchange. These are usually the coins and banknotes of a particular government, which comprise the physical aspects of a nation's money supply...

 of Mexico
Mexico
The United Mexican States , commonly known as Mexico , is a federal constitutional republic in North America. It is bordered on the north by the United States; on the south and west by the Pacific Ocean; on the southeast by Guatemala, Belize, and the Caribbean Sea; and on the east by the Gulf of...

. Modern peso
Peso
The word peso was the name of a coin that originated in Spain and became of immense importance internationally...

 and dollar
Dollar
The dollar is the name of the official currency of many countries, including Australia, Belize, Canada, Ecuador, El Salvador, Hong Kong, New Zealand, Singapore, Taiwan, and the United States.-Etymology:...

 currencies have a common origin in the 15th–19th century Spanish dollar
Spanish dollar
The Spanish dollar is a silver coin, of approximately 38 mm diameter, worth eight reales, that was minted in the Spanish Empire after a Spanish currency reform in 1497. Its purpose was to correspond to the German thaler...

, most continuing to use its sign, "$"
Dollar sign
The dollar or peso sign is a symbol primarily used to indicate the various peso and dollar units of currency around the world.- Origin :...

. The Mexican peso is the 12th most traded currency in the world, the third most traded in the Americas
Americas
The Americas, or America , are lands in the Western hemisphere, also known as the New World. In English, the plural form the Americas is often used to refer to the landmasses of North America and South America with their associated islands and regions, while the singular form America is primarily...

, and by far the most traded currency in Latin America
Latin America
Latin America is a region of the Americas where Romance languages  – particularly Spanish and Portuguese, and variably French – are primarily spoken. Latin America has an area of approximately 21,069,500 km² , almost 3.9% of the Earth's surface or 14.1% of its land surface area...

. The current ISO 4217
ISO 4217
ISO 4217 is a standard published by the International Standards Organization, which delineates currency designators, country codes , and references to minor units in three tables:* Table A.1 – Current currency & funds code list...

 code for the peso is MXN; prior to the 1993 revaluation (see below), the code MXP was used. The peso is subdivided into 100 centavos, represented by "¢". The name was originally used in reference to pesos oro (gold weights) or pesos plata (silver weights). The literal English translation of the Spanish word peso is weight. As of September 29, 2011, the peso's exchange rate was 18.42 per Euro and 13.57 per U.S. dollar.

First peso


The peso was originally the name of the eight-real
Mexican real
The real was a currency of Mexico, issued until 1897. There were 16 silver reales to 1 gold escudo, with 8 tlacos to the real. The peso, which circulated alongside the real and eventually replaced it, was equal to 8 reales....

 coins issued in Mexico by Spain
Spain
Spain , officially the Kingdom of Spain languages]] under the European Charter for Regional or Minority Languages. In each of these, Spain's official name is as follows:;;;;;;), is a country and member state of the European Union located in southwestern Europe on the Iberian Peninsula...

. These were the so-called Spanish dollar
Spanish dollar
The Spanish dollar is a silver coin, of approximately 38 mm diameter, worth eight reales, that was minted in the Spanish Empire after a Spanish currency reform in 1497. Its purpose was to correspond to the German thaler...

s or pieces of eight in wide circulation in the Americas and Asia from the height of the Spanish Empire
Spanish Empire
The Spanish Empire comprised territories and colonies administered directly by Spain in Europe, in America, Africa, Asia and Oceania. It originated during the Age of Exploration and was therefore one of the first global empires. At the time of Habsburgs, Spain reached the peak of its world power....

 until the early 19th century. After Mexico gained its independence in 1821, the new government continued the Spanish monetary system of 16 silver reales = 1 gold escudo, with the peso of 8 reales the largest silver coin. Paper money was also issued, denominated in pes

In 1863, the first issue was made of coins denominated in centavos, worth one hundredth of the peso. This was followed in 1866 by coins denominated "one peso". Coins denominated in reales continued to be issued until 1897. In 1905, the gold content of the peso was reduced by 49.3% but the silver content of the peso remained initially unchanged (subsidiary coins were debased). However, from 1918 onward, the weight and fineness of all the silver coins declined, until 1977, when the last silver 100-peso coins were minted.

Second peso


Throughout the most of the 20th century, the Mexican peso remained one of the more stable currencies in Latin America, since the economy did not experience periods of hyperinflation common to other countries in the region. However, after the Oil Crisis
1979 energy crisis
The 1979 oil crisis in the United States occurred in the wake of the Iranian Revolution. Amid massive protests, the Shah of Iran, Mohammad Reza Pahlavi, fled his country in early 1979 and the Ayatollah Khomeini soon became the new leader of Iran. Protests severely disrupted the Iranian oil...

 of the late 1970s, Mexico defaulted on its external debt in 1982, as a result of which the country suffered a severe case of capital flight
Capital flight
Capital flight, in economics, occurs when assets and/or money rapidly flow out of a country, due to an economic event and that disturbs investors and causes them to lower their valuation of the assets in that country, or otherwise to lose confidence in its economic...

 and experienced several years of inflation and devaluation until a government economic strategy called the "Stability and Economic Growth Pact" (Pacto de estabilidad y crecimiento económico, PECE) was adopted under President
President of Mexico
The President of the United Mexican States is the head of state and government of Mexico. Under the Constitution, the president is also the Supreme Commander of the Mexican armed forces...

 Carlos Salinas
Carlos Salinas
Carlos Salinas de Gortari is a Mexican economist and politician affiliated to the Institutional Revolutionary Party who served as President of Mexico from 1988 to 1994. Earlier in his career he worked in the Budget Secretariat all the way up to Secretary...

. On 1 January 1993, the Bank of Mexico introduced a new currency, the nuevo peso ("new peso", or MXN), written "N$" followed by the numerical amount. One new peso, or N$1.00, was equal to 1000 of the obsolete MXP pesos.

On January 1, 1996, the modifier nuevo was dropped from the name and new coins and banknotes – identical in every respect to the 1993 issue, with the exception of the now absent word "nuevo" – were put into circulation. The ISO 4217 code, however, remained unchanged as MXN.

Thanks to the stability of the Mexican economy and the growth in foreign investment, the Mexican peso is now among the 15 more traded currency units in years; since the late 1990s the peso has traded at about 9 to 15 pesos per U.S. dollar.

Use outside Mexico


The Spanish dollar
Spanish dollar
The Spanish dollar is a silver coin, of approximately 38 mm diameter, worth eight reales, that was minted in the Spanish Empire after a Spanish currency reform in 1497. Its purpose was to correspond to the German thaler...

 or Mexican peso was widely used in the early United States. By a decree of July 6, 1785, the value of the United States dollar was set to approximately match the Spanish dollar, both of which were based on the weight of silver in the coins.
The first U.S. dollar coins were not issued until April 2, 1792, and the peso continued to be officially recognized and used, along with other foreign coins, until February 21, 1857. In Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...

, it remained legal tender, along with other foreign silver coins, until 1854 and continued to circulate beyond that date. http://www.bankofcanada.ca/en/dollar_book/dollar_book.pdf The Mexican peso also served as the model for the Straits dollar
Straits dollar
The Straits dollar was the currency of the Straits Settlements from 1904 until 1939. At the same time, it was also used in the Federated Malay States, the Unfederated Malay States, Sarawak, Brunei, and British North Borneo.-History:...

, the Hong Kong dollar
Hong Kong dollar
The Hong Kong dollar is the currency of the jurisdiction. It is the eighth most traded currency in the world. In English, it is normally abbreviated with the dollar sign $, or alternatively HK$ to distinguish it from other dollar-denominated currencies...

, the Japanese yen
Japanese yen
The is the official currency of Japan. It is the third most traded currency in the foreign exchange market after the United States dollar and the euro. It is also widely used as a reserve currency after the U.S. dollar, the euro and the pound sterling...

 and the Chinese yuan
Renminbi
The Renminbi is the official currency of the People's Republic of China . Renminbi is legal tender in mainland China, but not in Hong Kong or Macau. It is issued by the People's Bank of China, the monetary authority of the PRC...

. http://www.globalfinancialdata.com/index.php3?action=showghoc&country_name=CHINA The term Chinese yuan
Renminbi
The Renminbi is the official currency of the People's Republic of China . Renminbi is legal tender in mainland China, but not in Hong Kong or Macau. It is issued by the People's Bank of China, the monetary authority of the PRC...

 refers to the round Spanish dollars, Mexican pesos and other 8 reales silver coins which saw use in China during the 19th and Angel live century.

19th century



The first coins of the peso currency were 1 centavo pieces minted in 1863. Emperor Maximilian
Maximilian I of Mexico
Maximilian I was the only monarch of the Second Mexican Empire.After a distinguished career in the Austrian Navy, he was proclaimed Emperor of Mexico on April 10, 1864, with the backing of Napoleon III of France and a group of Mexican monarchists who sought to revive the Mexican monarchy...

, ruler of the Second Mexican Empire
Second Mexican Empire
The Second Mexican Empire was the name of Mexico under the regime established from 1864 to 1867. It was created by Napoleon III of France, who attempted to use the Mexican adventure to recapture some of the grandeur of earlier Napoleonic times...

 from 1864–1867, minted the first coins with the legend "peso" on them. His portrait was on the obverse, with the legend "Maximiliano Emperador;" the reverse shows the imperial arms and the legends "Imperio Mexicano" and "1 Peso" and the date. They were struck from 1866 to 1867.

The New Mexican republic continued to strike the 8 reales piece, but also began minting coins denominated in centavos and pesos. In addition to copper 1 centavo coins, silver (.903 fineness) coins of 5, 10, 25 and 50 centavos and 1 peso were introduced between 1867 and 1869. Gold 1, 2½, 5, 10 and 20-peso coins were introduced in 1870. The obverses featured the Mexican 'eagle' and the legend "Republica Mexicana." The reverses of the larger coins showed a pair of scales; those of the smaller coins, the denomination. One-peso coins were made from 1865 to 1873, when 8 reales coins resumed production. In 1882, cupro-nickel 1, 2 and 5 centavos coins were issued but they were only minted for two years. The 1 peso was reintroduced in 1898, with the Phrygian cap
Phrygian cap
The Phrygian cap is a soft conical cap with the top pulled forward, associated in antiquity with the inhabitants of Phrygia, a region of central Anatolia. In the western provinces of the Roman Empire it came to signify freedom and the pursuit of liberty, perhaps through a confusion with the pileus,...

, or liberty cap design being carried over from the 8 reales.

20th century


In 1905 a monetary reform was carried out in which the gold content of the peso was reduced by 49.36% and the silver coins were (with the exception of the 1 peso) reduced to token issues. Bronze 1 and 2 centavos, nickel 5 centavos, silver 10, 20 and 50 centavos and gold 5 and 10 pesos were issued.

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

Between 1917 and 1919, the gold coinage was expanded to include 2, 2½ and 20-peso coins. However, circulation issues of gold ceased in 1921. In 1918, the peso coin was debased, bringing it into line with new silver 10, 20 and 50 centavos coins. All were minted in .800 fineness to a standard of 14.5 g to the peso. The liberty cap design, already on the other silver coins, was applied to the peso. Another debasement in 1920 reduced the fineness to .720 with 12 g of silver to the peso. Bronze 10 and 20 centavos coins were introduced in 1919 and 1920, but coins of those denominations were also minted in silver until 1935 and 1943, respectively.

In 1947, a new issue of silver coins was struck, with the 50 centavos and 1 peso in .500 fineness and a new 5-peso coin in .900 fineness. A portrait of José María Morelos
José María Morelos
José María Teclo Morelos y Pavón was a Mexican Roman Catholic priest and revolutionary rebel leader who led the Mexican War of Independence movement, assuming its leadership after the execution of Miguel Hidalgo y Costilla in 1811...

 appeared on the 1 peso and this was to remain a feature of the 1-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
Cuauhtémoc
Cuauhtémoc was the Aztec ruler of Tenochtitlan from 1520 to 1521...

 on the 50 centavos and Miguel Hidalgo
Miguel Hidalgo
Miguel Gregorio Antonio Ignacio Hidalgo y Costilla y Gallaga Mandarte Villaseñor , more commonly known as Miguel Hidalgo y Costilla or simply Miguel Hidalgo, was a Mexican priest and a leader of the Mexican War of Independence.In 1810 Hidalgo led a group of peasants in a revolt against the dominant...

 on the 5 pesos. No reference was made to the silver content except on the 5 pesos. During this period 5 peso, and to a lesser extent, 10 peso, coins were also used as vehicles for occasional commemorative strikings.

In 1955, bronze 50 centavos were introduced, along with smaller 5-peso coins and a new 10-peso coin. In 1957, new 1-peso coins were issued in .100 silver. This series contained 1.6 g of silver per peso. A special 1 peso was minted in 1957 to commemorate Benito Juárez
Benito Juárez
Benito Juárez born Benito Pablo Juárez García, was a Mexican lawyer and politician of Zapotec origin from Oaxaca who served five terms as president of Mexico: 1858–1861 as interim, 1861–1865, 1865–1867, 1867–1871 and 1871–1872...

 and the constitution of 1857. These were the last silver pesos. The 5-peso coin now weighed 18 grams and was still 0.720 silver; the 10-peso coin weighed 28 grams and was in 0.900 silver.

Between 1960 and 1971, a new coinage was introduced, consisting of brass 1 and 5 centavos, cupro-nickel 10, 25 and 50 centavos, 1, 5 and 10 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) 50 pesos in cupro-nickel. Between 1978 and 1982, the sizes of the coins for 20 centavos and above were reduced. Base metal
Base metal
In chemistry, the term base metal is used informally to refer to a metal that oxidizes or corrodes relatively easily, and reacts variably with diluted hydrochloric acid to form hydrogen. Examples include iron, nickel, lead and zinc...

 100, 200, 500, 1000 and 5000-peso coins were introduced between 1984 and 1988.

Nuevo peso


As noted above, the nuevo peso (new peso) was the result of hyperinflation in Mexico. In 1993, Presidente Carlos Salinas de Gortari stripped three zeros from the peso, creating a parity of $1 New Peso for $1000 of the old ones.

The transition was done both by having the people trade in their old notes, and by removing the old notes from circulation at the banks, over a period of three years from January 1, 1993 to January 1, 1996. At that time, the word "nuevo" was removed from all new currency being printed and the "nuevo" notes were retired from circulation, thus returning the currency and the notes to be denominated just "peso" again.

Confusion was avoided by making the "nuevo peso" currency almost identical to the old "peso". Both of them circulated at the same time, while all currency that only said "peso" was removed from circulation. The Banco de México (Bank of Mexico) then issued new currency with new graphics, also under the "nuevo peso". These were followed in due course by the current, almost identical, "peso" currency without the word "nuevo".

In 1993, coins of the new currency (dated 1992) were issued in denominations of 5, 10, 20 and 50 centavos, 1, 2, 5, 10, 20 and 50 nuevos pesos. The 5 and 10 centavos were minted in stainless steel
Stainless steel
In metallurgy, stainless steel, also known as inox steel or inox from French "inoxydable", is defined as a steel alloy with a minimum of 10.5 or 11% chromium content by mass....

 and the 20 and 50 centavos in aluminium bronze. The nuevo peso denominations were bimetallic, with the 1, 2 and 5 nuevos pesos having aluminium bronze centres and stainless steel rings, and the 10, 20 and 50 nuevos pesos having .925 silver centers and aluminium bronze rings. In 1996, the word nuevo(s) was removed from the coins. New 10 pesos were introduced with base metal replacing the silver centre. The 20 and 50-peso coins are the only currently circulating coinage in the world to contain any silver.

In 2003 the Bank of Mexico began the gradual launch of a new series of bimetallic $100 coins. These number 32 – one for each of the nation's 31 states
States of Mexico
The United Mexican States is a federal republic formed by 32 federal entities .According to the Constitution of 1917, the states of the federation are free and sovereign. Each state has their own congress and constitution, while the Federal District has only limited autonomy with a local Congress...

, plus the Federal District. While the obverse of these coins bears the traditional Coat of arms of Mexico
Coat of arms of Mexico
The current coat of arms of Mexico has been an important symbol of Mexican politics and culture for centuries. The coat of arms depicts a Mexican Golden Eagle perched upon a prickly pear cactus devouring a snake. To the people of Tenochtitlan this would have strong religious connotations, but to...

, their reverses show the individual coats of arms of the component states. The first states to be celebrated in this fashion were Zacatecas
Zacatecas
Zacatecas officially Estado Libre y Soberano de Zacatecas is one of the 31 states which, with the Federal District, comprise the 32 Federal Entities of Mexico. It is divided in 58 municipalities and its capital city is Zacatecas....

, Yucatán
Yucatán
Yucatán officially Estado Libre y Soberano de Yucatán is one of the 31 states which, with the Federal District, comprise the 32 Federal Entities of Mexico. It is divided in 106 municipalities and its capital city is Mérida....

, Veracruz
Veracruz
Veracruz, formally Veracruz de Ignacio de la Llave officially Estado Libre y Soberano de Veracruz de Ignacio de la Llave , is one of the 31 states that, along with the Federal District, comprise the 32 federative entities of Mexico. It is divided in 212 municipalities and its capital city is...

, and Tlaxcala
Tlaxcala
Tlaxcala officially Estado Libre y Soberano de Tlaxcala is one of the 31 states which along with the Federal District comprise the 32 federative entities of Mexico. It is divided into 60 municipalities and its capital city is 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 Bank has tried to encourage users to collect full sets of these coins, issuing special display folders for the purpose, the high cost involved has worked against them. Bullion versions of these coins are also available, with the outer ring made of gold
Gold
Gold is a chemical element with the symbol Au and an atomic number of 79. Gold is a dense, soft, shiny, malleable and ductile metal. Pure gold has a bright yellow color and luster traditionally considered attractive, which it maintains without oxidizing in air or water. Chemically, gold is a...

, instead of aluminium bronze
Aluminium bronze
Aluminium bronze is a type of bronze in which aluminium is the main alloying metal added to copper, in contrast to standard bronze or brass...

.

The coins commonly encountered in circulation have face values of 50¢, $1, $2, $5, and $10. The $50, 10¢ and 5¢ coins are rarely seen and largely disliked by users. The $20 coin is not as widely used as the $20 banknote. As of late 2006 and early 2007, the usage of 20¢ coins is also gradually declining. Small commodities are priced in multiples of 10¢, but stores may choose to round the total prices to 50¢. There is also a trend for supermarkets to ask customers to donate those cents to charities so that they can round the amount to 50¢ or 1 peso.
1992 Series http://www.banxico.gob.mx/sitioingles/billetesymonedas/didactico/coinsManufactFeaturesHistory/currentManufactCoins/currentManufactCoins.html http://www.bibliojuridica.org/libros/1/263/5.pdf
Value Technical parameters Description Minting history
Diameter Weight Composition Edge Obverse Reverse Year Quantity
15.5 mm 1.58 g Stainless steel
Stainless steel
In metallurgy, stainless steel, also known as inox steel or inox from French "inoxydable", is defined as a steel alloy with a minimum of 10.5 or 11% chromium content by mass....


16% ~ 18% chromium
Chromium
Chromium is a chemical element which has the symbol Cr and atomic number 24. It is the first element in Group 6. It is a steely-gray, lustrous, hard metal that takes a high polish and has a high melting point. It is also odorless, tasteless, and malleable...


0.75% nickel
Nickel
Nickel is a chemical element with the chemical symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge. Nickel belongs to the transition metals and is hard and ductile...

, maximum
0.12% carbon
Carbon
Carbon is the chemical element with symbol C and atomic number 6. As a member of group 14 on the periodic table, it is nonmetallic and tetravalent—making four electrons available to form covalent chemical bonds...

, maximum
1% silicon
Silicon
Silicon is a chemical element with the symbol Si and atomic number 14. A tetravalent metalloid, it is less reactive than its chemical analog carbon, the nonmetal directly above it in the periodic table, but more reactive than germanium, the metalloid directly below it in the table...

, maximum
1% manganese
Manganese
Manganese is a chemical element, designated by the symbol Mn. It has the atomic number 25. It is found as a free element in nature , and in many minerals...

, maximum
0.03% sulfur
Sulfur
Sulfur or sulphur is the chemical element with atomic number 16. In the periodic table it is represented by the symbol S. It is an abundant, multivalent non-metal. Under normal conditions, sulfur atoms form cyclic octatomic molecules with chemical formula S8. Elemental sulfur is a bright yellow...

, maximum
0.04% phosphorus
Phosphorus
Phosphorus is the chemical element that has the symbol P and atomic number 15. A multivalent nonmetal of the nitrogen group, phosphorus as a mineral is almost always present in its maximally oxidized state, as inorganic phosphate rocks...

, maximum
remaining of iron
Iron
Iron is a chemical element with the symbol Fe and atomic number 26. It is a metal in the first transition series. It is the most common element forming the planet Earth as a whole, forming much of Earth's outer and inner core. It is the fourth most common element in the Earth's crust...

Plain State title, coat of arms
Coat of arms of Mexico
The current coat of arms of Mexico has been an important symbol of Mexican politics and culture for centuries. The coat of arms depicts a Mexican Golden Eagle perched upon a prickly pear cactus devouring a snake. To the people of Tenochtitlan this would have strong religious connotations, but to...

Stylized image of the solar rays of the “Ring of the Quincunxes of the Sun Stone
Aztec sun stone
The Aztec calendar stone, Mexica sun stone, Stone of the Sun , or Stone of the Five Eras, is a large monolithic sculpture that was excavated in the Zócalo, Mexico City's main square, on December 17, 1790. It was discovered whilst Mexico City Cathedral was being repaired...

.”
1992 136'800,000
10¢ 17 mm 2.08 g Stylized image of the “Ring of the Sacrifice of the Sun Stone
Aztec sun stone
The Aztec calendar stone, Mexica sun stone, Stone of the Sun , or Stone of the Five Eras, is a large monolithic sculpture that was excavated in the Zócalo, Mexico City's main square, on December 17, 1790. It was discovered whilst Mexico City Cathedral was being repaired...

.”
1992
10¢ 14 mm 1.755 g Sloted State title, coat of arms
Coat of arms of Mexico
The current coat of arms of Mexico has been an important symbol of Mexican politics and culture for centuries. The coat of arms depicts a Mexican Golden Eagle perched upon a prickly pear cactus devouring a snake. To the people of Tenochtitlan this would have strong religious connotations, but to...

Stylized image of the “Ring of the Sacrifice of the Sun Stone
Aztec sun stone
The Aztec calendar stone, Mexica sun stone, Stone of the Sun , or Stone of the Five Eras, is a large monolithic sculpture that was excavated in the Zócalo, Mexico City's main square, on December 17, 1790. It was discovered whilst Mexico City Cathedral was being repaired...

.”
2009
20¢ 19.5 mm (shortest)
Dodecagon
Dodecagon
In geometry, a dodecagon is any polygon with twelve sides and twelve angles.- Regular dodecagon :It usually refers to a regular dodecagon, having all sides of equal length and all angles equal to 150°...

3.04 g Aluminium bronze
Aluminium bronze
Aluminium bronze is a type of bronze in which aluminium is the main alloying metal added to copper, in contrast to standard bronze or brass...


92% copper
Copper
Copper is a chemical element with the symbol Cu and atomic number 29. It is a ductile metal with very high thermal and electrical conductivity. Pure copper is soft and malleable; an exposed surface has a reddish-orange tarnish...


6% aluminium
Aluminium
Aluminium or aluminum is a silvery white member of the boron group of chemical elements. It has the symbol Al, and its atomic number is 13. It is not soluble in water under normal circumstances....


2% nickel
Nickel
Nickel is a chemical element with the chemical symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge. Nickel belongs to the transition metals and is hard and ductile...

Plain State title, coat of arms
Coat of arms of Mexico
The current coat of arms of Mexico has been an important symbol of Mexican politics and culture for centuries. The coat of arms depicts a Mexican Golden Eagle perched upon a prickly pear cactus devouring a snake. To the people of Tenochtitlan this would have strong religious connotations, but to...

Stylized image of the “Thirteenth Acatl Day of the Sun Stone
Aztec sun stone
The Aztec calendar stone, Mexica sun stone, Stone of the Sun , or Stone of the Five Eras, is a large monolithic sculpture that was excavated in the Zócalo, Mexico City's main square, on December 17, 1790. It was discovered whilst Mexico City Cathedral was being repaired...

.”
1992
20¢ 15.3 mm 2.258 g Stainless steel
Stainless steel
In metallurgy, stainless steel, also known as inox steel or inox from French "inoxydable", is defined as a steel alloy with a minimum of 10.5 or 11% chromium content by mass....


16% ~ 18% chromium
Chromium
Chromium is a chemical element which has the symbol Cr and atomic number 24. It is the first element in Group 6. It is a steely-gray, lustrous, hard metal that takes a high polish and has a high melting point. It is also odorless, tasteless, and malleable...


0.75% nickel
Nickel
Nickel is a chemical element with the chemical symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge. Nickel belongs to the transition metals and is hard and ductile...

, maximum
0.12% carbon
Carbon
Carbon is the chemical element with symbol C and atomic number 6. As a member of group 14 on the periodic table, it is nonmetallic and tetravalent—making four electrons available to form covalent chemical bonds...

, maximum
1% silicon
Silicon
Silicon is a chemical element with the symbol Si and atomic number 14. A tetravalent metalloid, it is less reactive than its chemical analog carbon, the nonmetal directly above it in the periodic table, but more reactive than germanium, the metalloid directly below it in the table...

, maximum
1% manganese
Manganese
Manganese is a chemical element, designated by the symbol Mn. It has the atomic number 25. It is found as a free element in nature , and in many minerals...

, maximum
0.03% sulfur
Sulfur
Sulfur or sulphur is the chemical element with atomic number 16. In the periodic table it is represented by the symbol S. It is an abundant, multivalent non-metal. Under normal conditions, sulfur atoms form cyclic octatomic molecules with chemical formula S8. Elemental sulfur is a bright yellow...

, maximum
0.04% phosphorus
Phosphorus
Phosphorus is the chemical element that has the symbol P and atomic number 15. A multivalent nonmetal of the nitrogen group, phosphorus as a mineral is almost always present in its maximally oxidized state, as inorganic phosphate rocks...

, maximum
remaining of iron
Iron
Iron is a chemical element with the symbol Fe and atomic number 26. It is a metal in the first transition series. It is the most common element forming the planet Earth as a whole, forming much of Earth's outer and inner core. It is the fourth most common element in the Earth's crust...

Segmented reeding Stylized image of the “Thirteenth Acatl Day of the Sun Stone
Aztec sun stone
The Aztec calendar stone, Mexica sun stone, Stone of the Sun , or Stone of the Five Eras, is a large monolithic sculpture that was excavated in the Zócalo, Mexico City's main square, on December 17, 1790. It was discovered whilst Mexico City Cathedral was being repaired...

.”
2009
50¢ 22 mm
Scalloped shape
4.39 g Aluminium bronze
Aluminium bronze
Aluminium bronze is a type of bronze in which aluminium is the main alloying metal added to copper, in contrast to standard bronze or brass...


92% copper
Copper
Copper is a chemical element with the symbol Cu and atomic number 29. It is a ductile metal with very high thermal and electrical conductivity. Pure copper is soft and malleable; an exposed surface has a reddish-orange tarnish...


6% aluminium
Aluminium
Aluminium or aluminum is a silvery white member of the boron group of chemical elements. It has the symbol Al, and its atomic number is 13. It is not soluble in water under normal circumstances....


2% nickel
Nickel
Nickel is a chemical element with the chemical symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge. Nickel belongs to the transition metals and is hard and ductile...

Plain State title, coat of arms
Coat of arms of Mexico
The current coat of arms of Mexico has been an important symbol of Mexican politics and culture for centuries. The coat of arms depicts a Mexican Golden Eagle perched upon a prickly pear cactus devouring a snake. To the people of Tenochtitlan this would have strong religious connotations, but to...

Stylized image of the “Ring of Acceptance of the Sun Stone
Aztec sun stone
The Aztec calendar stone, Mexica sun stone, Stone of the Sun , or Stone of the Five Eras, is a large monolithic sculpture that was excavated in the Zócalo, Mexico City's main square, on December 17, 1790. It was discovered whilst Mexico City Cathedral was being repaired...

.”
1992
50¢ 17 mm 3.103 g Stainless steel
Stainless steel
In metallurgy, stainless steel, also known as inox steel or inox from French "inoxydable", is defined as a steel alloy with a minimum of 10.5 or 11% chromium content by mass....


16% ~ 18% chromium
Chromium
Chromium is a chemical element which has the symbol Cr and atomic number 24. It is the first element in Group 6. It is a steely-gray, lustrous, hard metal that takes a high polish and has a high melting point. It is also odorless, tasteless, and malleable...


0.75% nickel
Nickel
Nickel is a chemical element with the chemical symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge. Nickel belongs to the transition metals and is hard and ductile...

, maximum
0.12% carbon
Carbon
Carbon is the chemical element with symbol C and atomic number 6. As a member of group 14 on the periodic table, it is nonmetallic and tetravalent—making four electrons available to form covalent chemical bonds...

, maximum
1% silicon
Silicon
Silicon is a chemical element with the symbol Si and atomic number 14. A tetravalent metalloid, it is less reactive than its chemical analog carbon, the nonmetal directly above it in the periodic table, but more reactive than germanium, the metalloid directly below it in the table...

, maximum
1% manganese
Manganese
Manganese is a chemical element, designated by the symbol Mn. It has the atomic number 25. It is found as a free element in nature , and in many minerals...

, maximum
0.03% sulfur
Sulfur
Sulfur or sulphur is the chemical element with atomic number 16. In the periodic table it is represented by the symbol S. It is an abundant, multivalent non-metal. Under normal conditions, sulfur atoms form cyclic octatomic molecules with chemical formula S8. Elemental sulfur is a bright yellow...

, maximum
0.04% phosphorus
Phosphorus
Phosphorus is the chemical element that has the symbol P and atomic number 15. A multivalent nonmetal of the nitrogen group, phosphorus as a mineral is almost always present in its maximally oxidized state, as inorganic phosphate rocks...

, maximum
remaining of iron
Iron
Iron is a chemical element with the symbol Fe and atomic number 26. It is a metal in the first transition series. It is the most common element forming the planet Earth as a whole, forming much of Earth's outer and inner core. It is the fourth most common element in the Earth's crust...

Reeded edge Stylized image of the “Ring of Acceptance of the Sun Stone
Aztec sun stone
The Aztec calendar stone, Mexica sun stone, Stone of the Sun , or Stone of the Five Eras, is a large monolithic sculpture that was excavated in the Zócalo, Mexico City's main square, on December 17, 1790. It was discovered whilst Mexico City Cathedral was being repaired...

.”
2009
N$1
or $1
21 mm 3.95 g
R: 2.14 g
C: 1.81 g
Ring: Stainless steel
Stainless steel
In metallurgy, stainless steel, also known as inox steel or inox from French "inoxydable", is defined as a steel alloy with a minimum of 10.5 or 11% chromium content by mass....

 (as 10¢)
Center: Aluminium bronze
Aluminium bronze
Aluminium bronze is a type of bronze in which aluminium is the main alloying metal added to copper, in contrast to standard bronze or brass...

 (as 50¢)
Plain State title, coat of arms
Coat of arms of Mexico
The current coat of arms of Mexico has been an important symbol of Mexican politics and culture for centuries. The coat of arms depicts a Mexican Golden Eagle perched upon a prickly pear cactus devouring a snake. To the people of Tenochtitlan this would have strong religious connotations, but to...

Stylized image of the “Ring of Splendor of the Sun Stone
Aztec sun stone
The Aztec calendar stone, Mexica sun stone, Stone of the Sun , or Stone of the Five Eras, is a large monolithic sculpture that was excavated in the Zócalo, Mexico City's main square, on December 17, 1790. It was discovered whilst Mexico City Cathedral was being repaired...

.”
N$: 1992
$: 1996
N$2
or $2
23 mm 5.19 g
R: 2.81 g
C: 2.38 g
Stylized image of the “Ring of the Days of the Sun Stone
Aztec sun stone
The Aztec calendar stone, Mexica sun stone, Stone of the Sun , or Stone of the Five Eras, is a large monolithic sculpture that was excavated in the Zócalo, Mexico City's main square, on December 17, 1790. It was discovered whilst Mexico City Cathedral was being repaired...

.”
N$5
or $5
25.5 mm 7.07 g
R: 3.82 g
C: 3.25 g
Stylized image of the “Ring of the Serpents of the Sun Stone
Aztec sun stone
The Aztec calendar stone, Mexica sun stone, Stone of the Sun , or Stone of the Five Eras, is a large monolithic sculpture that was excavated in the Zócalo, Mexico City's main square, on December 17, 1790. It was discovered whilst Mexico City Cathedral was being repaired...

.”
N$10
or $10
28 mm 11.183 g
R: 5.579 g
C: 5.604 g
Ring: Aluminium bronze
Aluminium bronze
Aluminium bronze is a type of bronze in which aluminium is the main alloying metal added to copper, in contrast to standard bronze or brass...

 (as 50¢)
Center:
92.5% silver
Silver
Silver is a metallic chemical element with the chemical symbol Ag and atomic number 47. A soft, white, lustrous transition metal, it has the highest electrical conductivity of any element and the highest thermal conductivity of any metal...

 (1/6oz)
7.5% copper
Copper
Copper is a chemical element with the symbol Cu and atomic number 29. It is a ductile metal with very high thermal and electrical conductivity. Pure copper is soft and malleable; an exposed surface has a reddish-orange tarnish...

Reeded edge State title, coat of arms
Coat of arms of Mexico
The current coat of arms of Mexico has been an important symbol of Mexican politics and culture for centuries. The coat of arms depicts a Mexican Golden Eagle perched upon a prickly pear cactus devouring a snake. To the people of Tenochtitlan this would have strong religious connotations, but to...

Circle of the Sun Stone
Aztec sun stone
The Aztec calendar stone, Mexica sun stone, Stone of the Sun , or Stone of the Five Eras, is a large monolithic sculpture that was excavated in the Zócalo, Mexico City's main square, on December 17, 1790. It was discovered whilst Mexico City Cathedral was being repaired...

 representing Tonatiuh
Tonatiuh
In Aztec mythology, Tonatiuh was the sun god. The Aztec people considered him the leader of Tollan, heaven. He was also known as the fifth sun, because the Aztecs believed that he was the sun that took over when the fourth sun was expelled from the sky...

 with the fire mask.
1992
$10 28 mm 10.329 g
R: 5.579 g
C: 4.75 g
Ring: Aluminium bronze
Aluminium bronze
Aluminium bronze is a type of bronze in which aluminium is the main alloying metal added to copper, in contrast to standard bronze or brass...

 (as 50¢)
Center:
65% copper
Copper
Copper is a chemical element with the symbol Cu and atomic number 29. It is a ductile metal with very high thermal and electrical conductivity. Pure copper is soft and malleable; an exposed surface has a reddish-orange tarnish...


25% zinc
Zinc
Zinc , or spelter , is a metallic chemical element; it has the symbol Zn and atomic number 30. It is the first element in group 12 of the periodic table. Zinc is, in some respects, chemically similar to magnesium, because its ion is of similar size and its only common oxidation state is +2...


10% nickel
Nickel
Nickel is a chemical element with the chemical symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge. Nickel belongs to the transition metals and is hard and ductile...

Reeded edge State title, coat of arms
Coat of arms of Mexico
The current coat of arms of Mexico has been an important symbol of Mexican politics and culture for centuries. The coat of arms depicts a Mexican Golden Eagle perched upon a prickly pear cactus devouring a snake. To the people of Tenochtitlan this would have strong religious connotations, but to...

Circle of the Sun Stone
Aztec sun stone
The Aztec calendar stone, Mexica sun stone, Stone of the Sun , or Stone of the Five Eras, is a large monolithic sculpture that was excavated in the Zócalo, Mexico City's main square, on December 17, 1790. It was discovered whilst Mexico City Cathedral was being repaired...

 representing Tonatiuh
Tonatiuh
In Aztec mythology, Tonatiuh was the sun god. The Aztec people considered him the leader of Tollan, heaven. He was also known as the fifth sun, because the Aztecs believed that he was the sun that took over when the fourth sun was expelled from the sky...

 with the fire mask.
1997
N$20 32 mm 16.996 g
R: 8.59 g
C: 8.406 g
Ring: Aluminium bronze
Aluminium bronze
Aluminium bronze is a type of bronze in which aluminium is the main alloying metal added to copper, in contrast to standard bronze or brass...

 (as 50¢)
Center:
92.5% silver
Silver
Silver is a metallic chemical element with the chemical symbol Ag and atomic number 47. A soft, white, lustrous transition metal, it has the highest electrical conductivity of any element and the highest thermal conductivity of any metal...

 (1/4oz)
7.5% copper
Copper
Copper is a chemical element with the symbol Cu and atomic number 29. It is a ductile metal with very high thermal and electrical conductivity. Pure copper is soft and malleable; an exposed surface has a reddish-orange tarnish...

Segmented reeding State title, coat of arms
Coat of arms of Mexico
The current coat of arms of Mexico has been an important symbol of Mexican politics and culture for centuries. The coat of arms depicts a Mexican Golden Eagle perched upon a prickly pear cactus devouring a snake. To the people of Tenochtitlan this would have strong religious connotations, but to...

Miguel Hidalgo
Miguel Hidalgo
Miguel Gregorio Antonio Ignacio Hidalgo y Costilla y Gallaga Mandarte Villaseñor , more commonly known as Miguel Hidalgo y Costilla or simply Miguel Hidalgo, was a Mexican priest and a leader of the Mexican War of Independence.In 1810 Hidalgo led a group of peasants in a revolt against the dominant...

1993
N$50 39 mm 33.967 g
R: 17.155 g
C: 16.812 g
Ring: Aluminium bronze
Aluminium bronze
Aluminium bronze is a type of bronze in which aluminium is the main alloying metal added to copper, in contrast to standard bronze or brass...

 (as 50¢)
Center:
92.5% silver
Silver
Silver is a metallic chemical element with the chemical symbol Ag and atomic number 47. A soft, white, lustrous transition metal, it has the highest electrical conductivity of any element and the highest thermal conductivity of any metal...

 (1/2oz)
7.5% copper
Copper
Copper is a chemical element with the symbol Cu and atomic number 29. It is a ductile metal with very high thermal and electrical conductivity. Pure copper is soft and malleable; an exposed surface has a reddish-orange tarnish...

Reeded edge State title, coat of arms
Coat of arms of Mexico
The current coat of arms of Mexico has been an important symbol of Mexican politics and culture for centuries. The coat of arms depicts a Mexican Golden Eagle perched upon a prickly pear cactus devouring a snake. To the people of Tenochtitlan this would have strong religious connotations, but to...

Value, the Hero Cadets
Niños Héroes
The Niños Héroes , also known as the Heroic Cadets or Boy Soldiers, were six Mexican teenage military cadets. These cadets died defending Mexico at Mexico City's Chapultepec Castle from invading U.S. forces in the 13 September 1847 Battle of Chapultepec, during the Mexican–American War...

 of the Battle of Chapultepec
Battle of Chapultepec
The Battle of Chapultepec, in September 1847, was a United States victory over Mexican forces holding Chapultepec Castle west of Mexico City during the Mexican-American War.-Background:On September 13, 1847, in the costly Battle of Molino del Rey, U.S...

Commemorative Coins (selected) http://www.banxico.org.mx/publicadorFileDownload/download?documentId=%7BA31C3EB3-073E-D143-B3A7-2EAAD644F8F8%7D
Value | Technical parameters | Description | Minting history
Diameter Weight Composition Edge Obverse Reverse Year Quantity
$10 28 mm 10.329 g
R: 5.579 g
C: 4.75 g
Ring: Aluminium bronze
Aluminium bronze
Aluminium bronze is a type of bronze in which aluminium is the main alloying metal added to copper, in contrast to standard bronze or brass...

 (as 50¢)
Center:
65% copper
Copper
Copper is a chemical element with the symbol Cu and atomic number 29. It is a ductile metal with very high thermal and electrical conductivity. Pure copper is soft and malleable; an exposed surface has a reddish-orange tarnish...


25% zinc
Zinc
Zinc , or spelter , is a metallic chemical element; it has the symbol Zn and atomic number 30. It is the first element in group 12 of the periodic table. Zinc is, in some respects, chemically similar to magnesium, because its ion is of similar size and its only common oxidation state is +2...


10% nickel
Nickel
Nickel is a chemical element with the chemical symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge. Nickel belongs to the transition metals and is hard and ductile...

Inscription State title, coat of arms
Coat of arms of Mexico
The current coat of arms of Mexico has been an important symbol of Mexican politics and culture for centuries. The coat of arms depicts a Mexican Golden Eagle perched upon a prickly pear cactus devouring a snake. To the people of Tenochtitlan this would have strong religious connotations, but to...

Value, Tonatiuh
Tonatiuh
In Aztec mythology, Tonatiuh was the sun god. The Aztec people considered him the leader of Tollan, heaven. He was also known as the fifth sun, because the Aztecs believed that he was the sun that took over when the fourth sun was expelled from the sky...

 from the Aztec sun stone
Aztec sun stone
The Aztec calendar stone, Mexica sun stone, Stone of the Sun , or Stone of the Five Eras, is a large monolithic sculpture that was excavated in the Zócalo, Mexico City's main square, on December 17, 1790. It was discovered whilst Mexico City Cathedral was being repaired...

 at the center, "AÑO 2000" or "AÑO 2001" instead of "DIEZ PESOS" as commemorative legend
2000
$20 32 mm 15.945 g
R: 8.59 g
C: 7.355 g
Ring: Aluminium bronze
Aluminium bronze
Aluminium bronze is a type of bronze in which aluminium is the main alloying metal added to copper, in contrast to standard bronze or brass...

 (as 50¢)
Center: Cupronickel
Cupronickel
Cupronickel or copper-nickel or "cupernickel" is an alloy of copper that contains nickel and strengthening elements, such as iron and manganese. Cupronickel is highly resistant to corrosion in seawater, because its electrode potential is adjusted to be neutral with regard to seawater...


75% copper
Copper
Copper is a chemical element with the symbol Cu and atomic number 29. It is a ductile metal with very high thermal and electrical conductivity. Pure copper is soft and malleable; an exposed surface has a reddish-orange tarnish...


25% nickel
Nickel
Nickel is a chemical element with the chemical symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge. Nickel belongs to the transition metals and is hard and ductile...

Milled State title, coat of arms
Coat of arms of Mexico
The current coat of arms of Mexico has been an important symbol of Mexican politics and culture for centuries. The coat of arms depicts a Mexican Golden Eagle perched upon a prickly pear cactus devouring a snake. To the people of Tenochtitlan this would have strong religious connotations, but to...

Xiuhtecuhtli
Xiuhtecuhtli
In Aztec mythology, Xiuhtecuhtli , was the god of fire, day and heat. He was the lord of volcanoes, the personification of life after death, warmth in cold , light in darkness and food during famine...

 Year 2000, Aztec
Aztec
The Aztec people were certain ethnic groups of central Mexico, particularly those groups who spoke the Nahuatl language and who dominated large parts of Mesoamerica in the 14th, 15th and 16th centuries, a period referred to as the late post-classic period in Mesoamerican chronology.Aztec is the...

 "New Fire" ceremony
2000
Octavio Paz
Octavio Paz
Octavio Paz Lozano was a Mexican writer, poet, and diplomat, and the winner of the 1990 Nobel Prize for Literature.-Early life and writings:...

$100 39 mm 33.967 g
R: 17.155 g
C: 16.812 g
Ring: Aluminium bronze
Aluminium bronze
Aluminium bronze is a type of bronze in which aluminium is the main alloying metal added to copper, in contrast to standard bronze or brass...

 (as 50¢)
Center:
92.5% silver
Silver
Silver is a metallic chemical element with the chemical symbol Ag and atomic number 47. A soft, white, lustrous transition metal, it has the highest electrical conductivity of any element and the highest thermal conductivity of any metal...

 (1/2oz)
7.5% copper
Copper
Copper is a chemical element with the symbol Cu and atomic number 29. It is a ductile metal with very high thermal and electrical conductivity. Pure copper is soft and malleable; an exposed surface has a reddish-orange tarnish...

Intermittent milling State title, coat of arms
Coat of arms of Mexico
The current coat of arms of Mexico has been an important symbol of Mexican politics and culture for centuries. The coat of arms depicts a Mexican Golden Eagle perched upon a prickly pear cactus devouring a snake. To the people of Tenochtitlan this would have strong religious connotations, but to...

Coats of arms of the 31 States of Mexico
States of Mexico
The United Mexican States is a federal republic formed by 32 federal entities .According to the Constitution of 1917, the states of the federation are free and sovereign. Each state has their own congress and constitution, while the Federal District has only limited autonomy with a local Congress...

 and the Federal District
(In reverse alphabetical order)
2003
Culture of the states (e.g. architecture, wildlife, flora, art, science, dances)
(In normal alphabetical order)
2005

First peso



The first banknotes issued by the Mexican state were produced in 1823 by Emperor Iturbide in denominations of 1, 2 and 10 pesos. Similar issues were made by the republican government later the same year. Ten-peso notes were also 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-centavo and 1-peso note whilst the Bank of Mexico
Banco de México
The Bank of Mexico , abbreviated BdeM or Banxico, is Mexico's central bank and lender of last resort. The Bank of Mexico is autonomous in exercising its functions, and its main objective is to achieve stability in the purchasing power of the national currency.On December 15, 2009, Agustín Carstens...

 issued 2-peso notes. From 1925, the Bank issued notes for 5, 10, 20, 50 and 100 pesos, with 500 and 1000 pesos following in 1931. From 1935, the Bank also issued 1-peso notes and, from 1943, 10,000 pesos.

Production of 1-peso notes ceased in 1962, followed by 5 pesos in 1971, 10 and 20 pesos in 1977, 50 pesos in 1984, 100 pesos in 1985, 500 pesos in 1987 and 1,000 pesos in 1988. 5,000-peso notes were introduced in 1981, followed by 2,000 pesos in 1983, 20,000 pesos in 1985, 50,000 pesos in 1986 and 100,000 pesos in 1988.

Series B and C



In 1993, notes were introduced in the new currency for 10, 20, 50, and 100 nuevos pesos. These notes are designated series B by the Bank. (It is important to note 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 corresponding notes of the old peso.

In October 1994, Series C was issued with brand new designs. The word "nuevos" remained. And 500 nuevos pesos were added. All were printed with the date December 10, 1993.

Series D


The next series of banknotes, designated series 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" removed. There are several printed dates for each denomination. In 2000, a commemorative series was issued which was like series D except for the additional text "75 aniversario 1925-2000" under the bank title. It refers to the 75th anniversary of the Bank. While series D includes the $10 note and is still legal tender, they are no longer printed, seldom seen, and the coin is more common. $10 notes are rarely found in circulation.

Starting from 2001, each denomination in the series was upgraded gradually. On October 15, 2001, in an effort to combat counterfeiting, Series D notes of 50 pesos and above were further modified with the addition of an iridescent strip. On notes of 100 pesos and above, the denomination is printed in color-shifting ink in the top right corner. On September 30, 2002 a new $20 note was introduced. The new $20 is printed on longer-lasting polymer
Polymer banknote
Polymer banknotes were developed by the Reserve Bank of Australia , Commonwealth Scientific and Industrial Research Organisation and The University of Melbourne and were first issued as currency in Australia in 1988. These banknotes are made from the polymer biaxially-oriented polypropylene ...

 plastic rather than paper. A new $1000 note was issued on November 15, 2004. The Bank of Mexico refers to the $20, $50, and $1000 notes during this wave of change as "series D1".

On April 5, 2004 the Chamber of Deputies approved a measure to demand that the Banco de México
Banco de México
The Bank of Mexico , abbreviated BdeM or Banxico, is Mexico's central bank and lender of last resort. The Bank of Mexico is autonomous in exercising its functions, and its main objective is to achieve stability in the purchasing power of the national currency.On December 15, 2009, Agustín Carstens...

 produce by January 1, 2006 notes and coins that are identifiable by the blind population (estimated at more than 750,000 visually impaired citizens, including 250,000 that are completely blind).

On December 19, 2005, $100, $200, and $500 MXN banknotes include raised, tactile patterns (like Braille
Braille
The Braille system is a method that is widely used by blind people to read and write, and was the first digital form of writing.Braille was devised in 1825 by Louis Braille, a blind Frenchman. Each Braille character, or cell, is made up of six dot positions, arranged in a rectangle containing two...

), meant to make them distinguishable for people with vision incapacities. This system has been questioned and many demand that it be replaced by actual Braille
Braille
The Braille system is a method that is widely used by blind people to read and write, and was the first digital form of writing.Braille was devised in 1825 by Louis Braille, a blind Frenchman. Each Braille character, or cell, is made up of six dot positions, arranged in a rectangle containing two...

 so it can be used by foreigners not used to these symbols. The Banco de México, however, says they will continue issuing the symbol bills.

The raised, tactile patterns are as follows:
Value Bill Description of pattern
$100 Five diagonal lines side by side, with a negative slope, each broken up into three segments.
$200 Small broken-up square pattern.
$500 Four horizontal lines under each other, each broken up into three segments.

Series F


In September 2006, it was announced that a new family 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 1,000-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.

Commemorative Bills


On September 29, 2009, The Bank of Mexico unveiled its Commemorative Banknotes. The 100-peso denomination bill commemorates the centennial of the Beginning of the Mexican Revolution
Mexican Revolution
The Mexican Revolution was a major armed struggle that started in 1910, with an uprising led by Francisco I. Madero against longtime autocrat Porfirio Díaz. The Revolution was characterized by several socialist, liberal, anarchist, populist, and agrarianist movements. Over time the Revolution...

 (1910–1920). The 200-peso denomination bill commemorates the bicentennial of the start of the Mexican War for Independence which began in 1810.
  • 100 Peso Banknote: Printed on polymer with the dimensions of 66 mm in length, and 134 mm in width. The front of the banknote depicts a locomotive, which was used to transport revolutionary troops, this symbolizes the armed movement that began in 1910. In the reverse side of the banknote there is a segment a mural titled "Del Porfirismo a la Revolución"(From the Dictatorship of Porfirio Diaz to the Revolution), also known as, "La Revolución contra la dictadura Porfiriana" (The Revolution against the dictatorship of Porfirio Díaz), which was painted by the artist David Alfaro Siqueiros. The Bank of Mexico printed 50 million 100-peso banknotes.

There was a printing error in these banknotes, in the small letters (almost unnoticeable, as they are very small and the same color as the waving lines), near the top right corner, just above the transparent corn, from the side of the "La Revolución contra la dictadura Porfiriana", it is written: "Sufragio electivo y no reelección" (Elective suffrage and no reelection), this supposed to be a quote to Francisco I. Madero's famous phrase, but he said "Sufragio efectivo no reelección" (Valid Suffrage, No Reelection). The President Felipe Calderón made a newspaper announcement in which he apologized for this, and said that the notes were going to continue in circulation, and that they would retain their value.
  • 200 Peso Banknote: The 200-peso denomination bill commemorates the bicentennial of the Beginning of the Mexican Independence
    Mexican War of Independence
    The Mexican War of Independence was an armed conflict between the people of Mexico and the Spanish colonial authorities which started on 16 September 1810. The movement, which became known as the Mexican War of Independence, was led by Mexican-born Spaniards, Mestizos and Amerindians who sought...

     (1810–1821). This paper banknote is printed in a vertical orientation with dimensions of 66 mm in length and 141 mm in width. The obverse of the banknote depicts the Mexican Leader of Independence, Don Miguel Hidalgo y Costilla, carrying his banner that was later used by the independence fighters. The reverse depicts the iconic monument the "Ángel de la Independencia" which is located in Mexico City on the Paseo de la Reforma.


Series D http://www.banxico.gob.mx/siteBanxicoINGLES/cMoneda/FSmoneda.html
Image Value Dimensions Main Color Description Date of
Obverse Reverse Obverse Reverse printing issue withdrawal
$10 129 × 66 mm Aqua Emiliano Zapata
Emiliano Zapata
Emiliano Zapata Salazar was a leading figure in the Mexican Revolution, which broke out in 1910, and which was initially directed against the president Porfirio Díaz. He formed and commanded an important revolutionary force, the Liberation Army of the South, during the Mexican Revolution...

Scene from Morelos
Morelos
Morelos officially Estado Libre y Soberano de Morelos is one of the 31 states which, with the Federal District, comprise the 32 Federal Entities of Mexico. It is divided in 33 municipalities and its capital city is Cuernavaca....

May 6, 1994 1996 1997
$20 Blue Benito Juárez
Benito Juárez
Benito Juárez born Benito Pablo Juárez García, was a Mexican lawyer and politician of Zapotec origin from Oaxaca who served five terms as president of Mexico: 1858–1861 as interim, 1861–1865, 1865–1867, 1867–1871 and 1871–1872...

Juárez Hemicycle monument, Mexico City
Mexico City
Mexico City is the Federal District , capital of Mexico and seat of the federal powers of the Mexican Union. It is a federal entity within Mexico which is not part of any one of the 31 Mexican states but belongs to the federation as a whole...

May 6, 1994
May 17, 2001 (polymer)
1996
September 30, 2002
current
$50 Reddish-Purple José María Morelos y Pavón
José María Morelos
José María Teclo Morelos y Pavón was a Mexican Roman Catholic priest and revolutionary rebel leader who led the Mexican War of Independence movement, assuming its leadership after the execution of Miguel Hidalgo y Costilla in 1811...

Scene from Michoacán
Michoacán
Michoacán officially Estado Libre y Soberano de Michoacán de Ocampo is one of the 31 states which, with the Federal District, comprise the 32 Federal Entities of Mexico. It is divided in 113 municipalities and its capital city is Morelia...

May 6, 1994
October 18, 2000 (iridescent)
1996
October 15, 2001
$100 155 × 66 mm Red Nezahualcoyotl
Nezahualcoyotl
Nezahualcoyotl was a philosopher, warrior, architect, poet and ruler of the city-state of Texcoco in pre-Columbian Mexico...

Xochipilli
Xochipilli
thumb|300px|right| Image of Xochipilli.Xochipilli was the god of art, games, beauty, dance, flowers, and song in Aztec mythology. His name contains the Nahuatl words xochitl and pilli , and hence means "flower prince"...

May 6, 1994
October 18, 2000 (color shifting)
? (raised ink)
1996
October 15, 2001
December 19, 2005
$200 Green Sor Juana Inés de la Cruz Façade of the temple of San Jerónimo February 7, 1995
October 18, 2000 (color shifting)
? (raised ink)
$500 Brown Ignacio Zaragoza
Ignacio Zaragoza
Ignacio Zaragoza Seguín was a general in the Mexican army, best known for defeating invading French forces at the Battle of Puebla on May 5, 1862 ....

Puebla Cathedral
Puebla Cathedral
Puebla Cathedral is a Roman Catholic cathedral in the city of Puebla, in Puebla, Mexico. It is a colonial cathedral, and is the see of the Roman Catholic Archdiocese of Puebla de los Angeles. The cathedral's bishop is Víctor Sánchez Espinosa...

$1,000 Cyan Miguel Hidalgo y Costilla Universidad de Guanajuato
Universidad de Guanajuato
The Universidad de Guanajuato is a university based in the Mexican state of Guanajuato, made up of about 33,828 students in programs ranging from high school level to the doctorate level. Over 17,046 of those are pursuing undergraduate, masters, and doctorate degrees...

, Baratillo Fountain
March 26, 2002 November 15, 2004
Series F http://www.banxico.org.mx/sitioingles/billetesymonedas/didactico/notesManufactFeaturesHistory/currentManufactNotes/currentManufactNotes.html
$20 120 × 66 mm Blue Benito Juárez
Benito Juárez
Benito Juárez born Benito Pablo Juárez García, was a Mexican lawyer and politician of Zapotec origin from Oaxaca who served five terms as president of Mexico: 1858–1861 as interim, 1861–1865, 1865–1867, 1867–1871 and 1871–1872...

Monte Albán
Monte Albán
Monte Albán is a large pre-Columbian archaeological site in the Santa Cruz Xoxocotlán Municipality in the southern Mexican state of Oaxaca...

June 19, 2006 August 20, 2007 current
$50 127 × 66 mm Reddish-Purple José María Morelos y Pavón
José María Morelos
José María Teclo Morelos y Pavón was a Mexican Roman Catholic priest and revolutionary rebel leader who led the Mexican War of Independence movement, assuming its leadership after the execution of Miguel Hidalgo y Costilla in 1811...

Aqueduct of Morelia
Morelia
Morelia is a city and municipality in the north central part of the state of Michoacán in central Mexico. The city is in the Guayangareo Valley and is the capital of the state. The main pre-Hispanic cultures here were the P'urhépecha and the Matlatzinca, but no major cities were founded in the...

November 5, 2004 November 21, 2006
$100 134 × 66 mm Red and Yellow Nezahualcóyotl
Nezahualcoyotl
Nezahualcoyotl was a philosopher, warrior, architect, poet and ruler of the city-state of Texcoco in pre-Columbian Mexico...

Representation of Templo Mayor, aqueduct and central plaza of Tenochtitlan August 9, 2010
$200 141 × 66 mm Green Sor Juana Inés de la Cruz Chimalhuacán February 15, 2008 September 11, 2008
$500 148 × 66 mm Brown Diego Rivera
Diego Rivera
Diego María de la Concepción Juan Nepomuceno Estanislao de la Rivera y Barrientos Acosta y Rodríguez was a prominent Mexican painter born in Guanajuato, Guanajuato, an active communist, and husband of Frida Kahlo . His large wall works in fresco helped establish the Mexican Mural Movement in...

Frida Kahlo
Frida Kahlo
Frida Kahlo de Rivera was a Mexican painter, born in Coyoacán, and perhaps best known for her self-portraits....

August 30, 2010
$1,000 155 × 66 mm Purple Miguel Hidalgo
Miguel Hidalgo
Miguel Gregorio Antonio Ignacio Hidalgo y Costilla y Gallaga Mandarte Villaseñor , more commonly known as Miguel Hidalgo y Costilla or simply Miguel Hidalgo, was a Mexican priest and a leader of the Mexican War of Independence.In 1810 Hidalgo led a group of peasants in a revolt against the dominant...

University of Guanajuato
Guanajuato
Guanajuato officially Estado Libre y Soberano de Guanajuato is one of the 31 states which, with the Federal District, comprise the 32 Federal Entities of Mexico. It is divided in 46 municipalities and its capital city is Guanajuato....

April 7, 2008


New Mexican Bill Sizes, Series F.



International use


Some establishments in border areas of the United States accept pesos as currency, mainly supermarkets. In 2007, Pizza Patrón
Pizza Patrón
Pizza Patrón is a United States pizza chain headquartered in Suite 200 at 10999 Petal Street, Dallas, Texas.Pizza Patrón operates locations in Arizona, California, Colorado, Florida, Georgia, Nevada, and Texas. The chain opens locations in mainly Hispanic neighborhoods, catering primarily to the...

, a chain of pizza restaurants in the southwestern part of the U.S., started to accept the currency which has been a controversial topic in the United States. Other than U.S., Guatemalan and Belizean border towns, pesos are generally not accepted as currency outside Mexico.

See also

  • Peso
    Peso
    The word peso was the name of a coin that originated in Spain and became of immense importance internationally...

  • Economy of Mexico
    Economy of Mexico
    The economy of Mexico is the 13th largest in the world in nominal terms and the 11th by purchasing power parity, according to the World Bank.Since the 1994 crisis, administrations have improved the country's macroeconomic fundamentals...

  • 1994 economic crisis in Mexico
    1994 economic crisis in Mexico
    The 1994 Economic Crisis in Mexico, widely known as the Mexican peso crisis, was caused by the sudden devaluation of the Mexican peso in December 1994....

  • Mexican Gold and Silver Libertad coins
    Libertad (coin)
    Libertad coins are gold and silver Mexican bullion coins. They are sold in 1/20, 1/10, 1/4, 1/2, and 1 troy ounce weights for both gold and silver coins; and 2, 5 ozt and 1 kilogram weights for silver coins.-Design:...


External links