Mexico banknotes

What is now Mexico was home to (most famously) the Maya and Aztec (Mexica, meh-SHEE-kuh) with their capital at Tenochtitlán, now Mexico City. Spain conquered the land in 1521, setting up New Spain in 1535, covering today's Mexico, U.S. Southwest, Central America, and Philippines. Mexico won its independence from Spain in 1821.

Mexico began issuing paper money in 1822 via provisional and regional issues and  private banks. During the Mexican Revolution (~1910–1920), hundreds of local notes circulated—those of Chihuahua state are particularly popular among collectors. A central bank, the Banco de México, gradually consolidated banknote issuance. 2025 marks its 100th anniversary, marked by the 2025 commemorative banknote series from 50 through 1000 pesos. Other commemoratives include the Bicentennial of Independence and the 100th anniversary of the Mexican Revolution. The printing house, Casa de la Moneda, issues popular souvenir notes every five years. Note that 1 current peso (MXN) is equal to 1,000 "old" pesos (MXP) from 1992 and earlier.

 

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