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Mexican peso
peso mexicano (Spanish)
$1000 Mexican Coins in circulation
$1000 Mexican Coins in circulation
ISO 4217 Code MXN
User(s) Flag of Mexico Mexico
Inflation 3. ISO 4217 is the International standard describing three-letter codes (also known as the currency code) to define the names of currencies established The United Mexican States ( or commonly Mexico (ˈmɛksɪkoʊ () is a federal constitutional Republic in North America. In economics inflation or price inflation is a rise in the general level of prices of goods and services over a period of time 76%
Source Banco de Mexico, December 2007
Subunit
1/100 centavo
Symbol $ or Mex$
centavo ¢
Nickname varo, bolas, lana, lucas, papiros, morlacos, feria, marmaja, moni, billelle, pachocha. Centavo is a Spanish and Portuguese word derived from the Latin centum, meaning "one hundred" and the suffix -avo A currency sign is a graphic symbol often used as a shorthand for a Currency 's name Centavo is a Spanish and Portuguese word derived from the Latin centum, meaning "one hundred" and the suffix -avo
Coins
Freq. used 50¢, $1, $2, $5, $10
Rarely used 5¢, 10¢, 20¢, $20, $50, $100
Banknotes $20, $50, $100, $200, $500, $1000
Central bank Bank of Mexico
Website www.banxico.org.mx
Printer Bank of Mexico
Website www.banxico.org.mx
Mint Casa de Moneda de México
Website www.cmm.gob.mx

The peso is the currency of Mexico. A central bank, reserve bank, or monetary authority is the entity responsible for the Monetary policy of a country or of a group of member states The Bank of Mexico (Banco de México abbreviated BdeM or Banxico is Mexico 's Central bank and Lender of last resort. A printer is a company that provides commercial Printing services often also offering Typesetting and Book-binding services The Bank of Mexico (Banco de México abbreviated BdeM or Banxico is Mexico 's Central bank and Lender of last resort. A mint is an industrial facility which manufactures Coins for Currency. La Casa de Moneda de México is the national mint of Mexico and the oldest mint in the Americas, established in 1535. The United Mexican States ( or commonly Mexico (ˈmɛksɪkoʊ () is a federal constitutional Republic in North America. The symbol used for the peso is "$", basically the same as for the US dollar since the dollar derived its logo from the Spanish-Mexican currency. The current ISO 4217 code for the peso is MXN; prior to the 1993 revaluation (see below), the code "MXP" was used. ISO 4217 is the International standard describing three-letter codes (also known as the currency code) to define the names of currencies established The peso is subdivided into 100 centavos, represented by "¢". In many national currencies, the cent is a monetary unit that equals 1/100 of the basic monetary unit The name peso also means "weight" in Spanish. The name was originally used in reference to pesos oro (gold weights) or pesos plata (silver weights).

Contents

History

Commemorative Two pesos coin from 1921
Commemorative Two pesos coin from 1921

First peso

The peso was initially the name of the eight-real coins issued in Mexico by Spain. 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 Spain () or the Kingdom of Spain (Reino de España is a country located mostly in southwestern Europe on the Iberian Peninsula. These were the so-called Spanish dollars or pieces of eight in wide circulation in the Americas and Asia from the height of the Spanish Empire until the early 19th century. History Spain Following the introduction of the Guldengroschen in Austria in 1486 the concept of a large silver coin with high purity (sometimes known as "specie" The Spanish Empire (Imperio Español was one of the largest Empires in history and one of the first Global empires In the 15th and 16th centuries 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 pesos.

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 most of the 20th century, the Mexican peso remained one of the most 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 of the late 1970s, Mexico defaulted on its external debt in 1982 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 Carlos Salinas. Year 1982 ( MCMLXXXII) was a Common year starting on Friday (link displays the 1982 Gregorian calendar) The Constitutional Citizen President of the United Mexican States (the official title in Spanish is Ciudadano Presidente Constitucional de los Estados Unidos Mexicanos Carlos Salinas de Gortari ( Mexico City, April 3, 1948) is a Mexican economist and politician affiliated to the Institutional Revolutionary 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. New Year See also New Year The Ancient Romans began their consular year on January 1st since 153 BC Year 1993 ( MCMXCIII) was a Common year starting on Friday (link will display full 1993 Gregorian calendar) The Bank of Mexico (Banco de México abbreviated BdeM or Banxico is Mexico 's Central bank and Lender of last resort. 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. New Year See also New Year The Ancient Romans began their consular year on January 1st since 153 BC Year 1996 ( MCMXCVI) was a Leap year starting on Monday (link will display full 1996 Gregorian calendar) 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 most traded currency units in the world, and is the most traded currency in Latin America. It has been fairly stable for the last few years; since the late 1990s the peso has traded at about $9 to $10 to the U.S. dollar. The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been This makes it relatively easy to convert from dollars to pesos and back; the 50¢ coin (tostón) is worth about the same as a U. S. nickel, and a 200-peso note about USD $20.

Use outside Mexico

The Spanish dollar or Mexican peso was widely used in the early United States. History Spain Following the introduction of the Guldengroschen in Austria in 1486 the concept of a large silver coin with high purity (sometimes known as "specie" 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. Events 1044 - The Battle of Ménfő takes place 1189 - Richard the Lionheart is crowned King of England Year 1785 ( MDCCLXXXV) was a Common year starting on Saturday (link will display the full calendar of the Gregorian calendar (or a Common [1] 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. The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been Events 68 - Galba, Governor of Hispania, names himself legatus senatus populique Romani, breaking the line of Year 1792 ( MDCCXCII) was a Leap year starting on Sunday (link will display the full calendar of the Gregorian calendar (or a Leap year Events 362 - Athanasius returns to Alexandria. 1245 - Thomas, the first known Bishop of Finland Click here for Indian Rebellion of 1857 Year 1857 ( MDCCCLVII) was a Common year starting on Thursday (link will display the In Canada, it remained legal tender, along with other foreign silver coins, until 1854 and continued to circulate beyond that date. Country to "Dominion of Canada" or "Canadian Federation" or anything else please read the Talk Page Year 1854 ( MDCCCLIV) was a Common year starting on Sunday (link will display the full calendar of the Gregorian Calendar (or a Common year [1] The Mexican peso also served as the model for the Straits dollar, the Hong Kong dollar, the Japanese yen and the Chinese yuan. The Straits dollar was the currency used in the British colonies and protectorates in Malaya and Borneo, including the Straits Settlements until [2] The term yuan refers to the round Spanish dollars, Mexican pesos and other 8 reales silver coins which saw use in China during the 19th century.

Coins

19th century

One centavo coin of 1890
One centavo coin of 1890

The first coins of the peso currency were 1 centavo pieces minted in 1863. Year 1890 ( MDCCCXC) was a Common year starting on Wednesday (link will display the full calendar of the Gregorian calendar (or a Common Emperor Maximilian, ruler of the Second Mexican Empire from 1864-1867, minted the first coins with the legend "peso" on them. Maximilian I Emperor of Mexico (Emperador Maximiliano I de México (6 July 1832 – 19 June 1867 (born Ferdinand Maximilian Joseph was a member of Austria The Second Mexican Empire was the name of Mexico under the regime established from 1864 to 1867 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 1869 to 1873, when 8 reales coins resumed production. Year 1869 ( MDCCCLXIX) is a Common year starting on Friday (link will display the full calendar of the Gregorian calendar (or a Common year Year 1873 ( MDCCCLXXIII) was a Common year starting on Wednesday (link will display the full calendar of the Gregorian calendar (or a Common 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, or liberty cap design being carried over from the 8 reales. Year 1898 ( MDCCCXCVIII) was a Common year starting on Saturday (link will display the full calendar of the Gregorian calendar (or a Common

20th century

A mixture of new and old pesos
A mixture of new and old pesos

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. Year 1910 ( MCMX) was a Common year starting on Saturday (link will display calendar of the Gregorian calendar (or a Common year starting Year 1914 ( MCMXIV) was a Common year starting on Thursday (link will display the full calendar of the Gregorian calendar (or a Common year

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 appeared on the 1 peso and this was to remain a feature of the 1-peso coin until its demise. José María Teclo Morelos y Pavón ( September 30, 1765, Valladolid now Morelia Michoacán – December 22, 1815, San Cristóbal 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 centavos and Miguel Hidalgo on the 5 pesos. Cuauhtémoc (also known as Cuauhtemotzin, Guatimozin or Guatemoc; c Miguel Gregorio Antonio Ignacio Hidalgo y Costilla Gallaga Mondarte Villaseñor ( May 8 1753 &ndash July 30 1811) also known as Miguel No reference was made to the silver content except on the 5 pesos.

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 2. 6 g of silver per peso. A special 1 peso was minted in 1957 to commemorate Benito Juárez and the constitution of 1857. Benito Pablo Juárez García (benit̪o paβ̞lo xwaɾes gaɾsia ( March 21, 1806 – July 18, 1872) was a Zapotec Amerindian 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 1970 and 1974, a new coinage was introduced, consisting of brass 1 and 5 centavos, cupro-nickel 10, 20 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 1983 and 1985, the sizes of the coins for 20 centavos and above were reduced. Base metal 100, 200, 500 ,1000 and 5000-peso coins were introduced between 1984 and 1988. In Chemistry, the term base metal is used informally to refer to a Metal that oxidizes or corrodes relatively easily and reacts variably with

Nuevo peso

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 and the 20 and 50 centavos in aluminium bronze. In Metallurgy, stainless steel is defined as a Steel Alloy with a minimum of 11 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. Year 2003 ( MMIII) was a Common year starting on Wednesday of the Gregorian calendar. The Bank of Mexico (Banco de México abbreviated BdeM or Banxico is Mexico 's Central bank and Lender of last resort. These number 32 – one for each of the nation's 31 states, plus the Federal District. Mexico City (in Spanish: Ciudad de México, México DF, México or simply Méjico) is the Capital city of Mexico While the obverse of these coins bears the traditional Coat of arms of Mexico, their reverses show the individual coats of arms of the component states. The Coat of Arms of Mexico has been an important symbol of Mexican politics and culture for centuries The first states to be celebrated in this fashion were Zacatecas, Yucatán, Veracruz, and Tlaxcala. Zacatecas is one of the 31 constituent states of Mexico. It is located in the north-central region and it is bounded to the northwest by Durango Yucatán is one of the 31 states of Mexico, located on the north of the Yucatán Peninsula. Veracruz, formally Veracruz de Ignacio de la Llave is one of the 31 states that constitute the republic of Mexico. Tlaxcala (tlasˈkala is one of the 31 states of Mexico, located to the east of Mexico City. 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, instead of an aluminium bronze. Precious Metal is the eighteenth episode in the of the popular American Crime drama, which is set in Las Vegas, Nevada. Gold (ˈɡoʊld is a Chemical element with the symbol Au (from its Latin name aurum) and Atomic number 79 Aluminium bronze is a type of Bronze in which Aluminium is the main Alloying Metal added to Copper.

The coins commonly encountered in circulation have face values of 20¢, 50¢, $1, $2, $5, $10, and $20. The $50, 10¢ and 5¢ coins are rarely seen and largely disliked by users. 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 [3] [4]
Image Value Technical parameters Description Date of first minting
Diameter Weight Composition Edge Obverse Reverse
15. 5 mm 1. 58 g Stainless steel
16% ~ 18% chromium
0. In Metallurgy, stainless steel is defined as a Steel Alloy with a minimum of 11 Chromium (ˈkroʊmiəm is a Chemical element which has the symbol Cr and Atomic number 24 75% nickel, maximum
0. Nickel (ˈnɪkəl is a metallic Chemical element with the symbol Ni and Atomic number 28 12% carbon, maximum
1% silicon, maximum
1% manganese, maximum
0. Carbon (kɑɹbən is a Chemical element with the symbol C and its Atomic number is 6 Silicon (ˈsɪlɪkən or /ˈsɪlɪkɒn/ silicium is the Chemical element that has the symbol Si and Atomic number 14 Manganese (ˈmæŋgəniːz is a Chemical element, designated by the symbol Mn. 03% sulfur, maximum
0. Sulfur or sulphur (ˈsʌlfɚ see spelling below) is the Chemical element that has the Atomic number 16 04% phosphorus, maximum
remaining of iron
Smooth State title, coat of arms Value, the Quincunces Ring from the Aztec sun stone 1992
10¢ 17 mm 2. Phosphorus, (ˈfɒsfərəs is the Chemical element that has the symbol P and Atomic number 15 Iron (ˈаɪɚn is a Chemical element with the symbol Fe (ferrum and Atomic number 26 The Coat of Arms of Mexico has been an important symbol of Mexican politics and culture for centuries The Aztec sun stone, Stone of the Sun ( Spanish: Piedra del Sol) or Aztec calendar stone is a large monolithic sculpture that was excavated 08 g Value, the Sacrifice Ring from the Aztec sun stone
20¢ 19. The Aztec sun stone, Stone of the Sun ( Spanish: Piedra del Sol) or Aztec calendar stone is a large monolithic sculpture that was excavated 5 mm (shortest)
Dodecagon
3. Regular dodecagon It usually refers to a regular dodecagon having all sides of equal length and all angles equal to 150° 04 g Aluminium bronze
92% copper
6% aluminium
2% nickel
Smooth State title, coat of arms Value, Ácatl (13th day of the Aztec calendar) 1992
50¢ 22 mm
Scalloped shape
4. Aluminium bronze is a type of Bronze in which Aluminium is the main Alloying Metal added to Copper. Copper (ˈkɒpɚ is a Chemical element with the symbol Cu (cuprum and Atomic number 29 WikipediaNaming Nickel (ˈnɪkəl is a metallic Chemical element with the symbol Ni and Atomic number 28 The Coat of Arms of Mexico has been an important symbol of Mexican politics and culture for centuries The Aztec calendar is the Calendar system that was used by the Aztecs as well as other Pre-Columbian peoples of central Mexico. 39 g Value, the Acceptance Ring from the Aztec sun stone
N$1
or $1
21 mm 3. The Aztec sun stone, Stone of the Sun ( Spanish: Piedra del Sol) or Aztec calendar stone is a large monolithic sculpture that was excavated 95 g
R: 2. 14 g
C: 1. 81 g
Ring: Stainless steel (as 10¢)
Center: Aluminium bronze (as 50¢)
Smooth State title, coat of arms Value, the Sunshine Ring from the Aztec sun stone N$: 1992
$: 1996
N$2
or $2
23 mm 5. In Metallurgy, stainless steel is defined as a Steel Alloy with a minimum of 11 Aluminium bronze is a type of Bronze in which Aluminium is the main Alloying Metal added to Copper. The Coat of Arms of Mexico has been an important symbol of Mexican politics and culture for centuries The Aztec sun stone, Stone of the Sun ( Spanish: Piedra del Sol) or Aztec calendar stone is a large monolithic sculpture that was excavated 19 g
R: 2. 81 g
C: 2. 38 g
Value, the (partial) Days Ring from the Aztec sun stone
N$5
or $5
25. The Aztec sun stone, Stone of the Sun ( Spanish: Piedra del Sol) or Aztec calendar stone is a large monolithic sculpture that was excavated 5 mm 7. 07 g
R: 3. 82 g
C: 3. 25 g
Value, the Snakes Ring from the Aztec sun stone
N$10
or $10
28 mm 11. The Aztec sun stone, Stone of the Sun ( Spanish: Piedra del Sol) or Aztec calendar stone is a large monolithic sculpture that was excavated 183 g
R: 5. 579 g
C: 5. 604 g
Ring: Aluminium bronze (as 50¢)
Center:
925‰ silver (1/6oz)
75‰ copper
Milled State title, coat of arms Value, Tonatiuh from the Aztec sun stone at the center 1992
$10 28 mm 10. Aluminium bronze is a type of Bronze in which Aluminium is the main Alloying Metal added to Copper. Silver (ˈsɪlvɚ is a Chemical element with the symbol " Ag " (argentum from the Ancient Greek: ἀργήντος - argēntos gen Copper (ˈkɒpɚ is a Chemical element with the symbol Cu (cuprum and Atomic number 29 The Coat of Arms of Mexico has been an important symbol of Mexican politics and culture for centuries In Aztec mythology, Tonatiuh ( Nahuatl: Ollin Tonatiuh "Movement of the Sun" was the Sun god The Aztec sun stone, Stone of the Sun ( Spanish: Piedra del Sol) or Aztec calendar stone is a large monolithic sculpture that was excavated 329 g
R: 5. 579 g
C: 4. 75 g
Ring: Aluminium bronze (as 50¢)
Center:
65% copper
25% zinc
10% nickel
Milled State title, coat of arms Value, Tonatiuh from the Aztec sun stone at the center 1997
N$20 32 mm 16. Aluminium bronze is a type of Bronze in which Aluminium is the main Alloying Metal added to Copper. Copper (ˈkɒpɚ is a Chemical element with the symbol Cu (cuprum and Atomic number 29 Zinc (ˈzɪŋk from Zink is a Metallic Chemical element with the symbol Zn and Atomic number 30 Nickel (ˈnɪkəl is a metallic Chemical element with the symbol Ni and Atomic number 28 The Coat of Arms of Mexico has been an important symbol of Mexican politics and culture for centuries In Aztec mythology, Tonatiuh ( Nahuatl: Ollin Tonatiuh "Movement of the Sun" was the Sun god The Aztec sun stone, Stone of the Sun ( Spanish: Piedra del Sol) or Aztec calendar stone is a large monolithic sculpture that was excavated 996 g
R: 8. 59 g
C: 8. 406 g
Ring: Aluminium bronze (as 50¢)
Center:
925‰ silver (1/4oz)
75‰ copper
Milled State title, coat of arms Miguel Hidalgo 1993
N$50 39 mm 33. Aluminium bronze is a type of Bronze in which Aluminium is the main Alloying Metal added to Copper. Silver (ˈsɪlvɚ is a Chemical element with the symbol " Ag " (argentum from the Ancient Greek: ἀργήντος - argēntos gen Copper (ˈkɒpɚ is a Chemical element with the symbol Cu (cuprum and Atomic number 29 The Coat of Arms of Mexico has been an important symbol of Mexican politics and culture for centuries Miguel Gregorio Antonio Ignacio Hidalgo y Costilla Gallaga Mondarte Villaseñor ( May 8 1753 &ndash July 30 1811) also known as Miguel 967 g
R: 17. 155 g
C: 16. 812 g
Ring: Aluminium bronze (as 50¢)
Center:
925‰ silver (1/2oz)
75‰ copper
Milled State title, coat of arms Value, the Hero Cadets of the Battle of Chapultepec
Commemorative Coins (selected) [5]
Image Value Technical parameters Description Date of first minting
Diameter Weight Composition Edge Obverse Reverse
$10 28 mm 10. Aluminium bronze is a type of Bronze in which Aluminium is the main Alloying Metal added to Copper. Silver (ˈsɪlvɚ is a Chemical element with the symbol " Ag " (argentum from the Ancient Greek: ἀργήντος - argēntos gen Copper (ˈkɒpɚ is a Chemical element with the symbol Cu (cuprum and Atomic number 29 The Coat of Arms of Mexico has been an important symbol of Mexican politics and culture for centuries Los Niños Héroes (the "Boy Heroes" or "Heroic Cadets" were six teenage military cadets who died defending Mexico at Mexico City 's Chapultepec The Battle of Chapultepec (September 1847 was a US victory over Mexican forces holding Chapultepec Castle west of Mexico City during the Mexican-American 329 g
R: 5. 579 g
C: 4. 75 g
Ring: Aluminium bronze (as 50¢)
Center:
65% copper
25% zinc
10% nickel
Inscription State title, coat of arms Value, Tonatiuh from the Aztec sun stone at the center, "AÑO 2000" or "AÑO 2001" instead of "DIEZ PESOS" as commemorative legend 2000
$20 32 mm 15. Aluminium bronze is a type of Bronze in which Aluminium is the main Alloying Metal added to Copper. Copper (ˈkɒpɚ is a Chemical element with the symbol Cu (cuprum and Atomic number 29 Zinc (ˈzɪŋk from Zink is a Metallic Chemical element with the symbol Zn and Atomic number 30 Nickel (ˈnɪkəl is a metallic Chemical element with the symbol Ni and Atomic number 28 The Coat of Arms of Mexico has been an important symbol of Mexican politics and culture for centuries In Aztec mythology, Tonatiuh ( Nahuatl: Ollin Tonatiuh "Movement of the Sun" was the Sun god The Aztec sun stone, Stone of the Sun ( Spanish: Piedra del Sol) or Aztec calendar stone is a large monolithic sculpture that was excavated 945 g
R: 8. 59 g
C: 7. 355 g
Ring: Aluminium bronze (as 50¢)
Center: Cupronickel
75% copper
25% nickel
Milled State title, coat of arms Xiuhtecuhtli Year 2000, Aztec "New Fire" ceremony 2000
Octavio Paz
$100 39 mm 33. Aluminium bronze is a type of Bronze in which Aluminium is the main Alloying Metal added to Copper. Cupronickel or Coppernickel is an Alloy of Copper, Nickel and strengthening impurities such as Iron and Manganese. Copper (ˈkɒpɚ is a Chemical element with the symbol Cu (cuprum and Atomic number 29 Nickel (ˈnɪkəl is a metallic Chemical element with the symbol Ni and Atomic number 28 The Coat of Arms of Mexico has been an important symbol of Mexican politics and culture for centuries Huehueteotljpg|thumbnail|150px|right|Statue of Huehueteotl in Tijuana Mexico]] In Aztec mythology, Xiuhtecuhtli ("Turquoise Lord" but also named Ixcozauhqui Aztec is a term used to refer to certain ethnic groups of central Mexico, particularly those groups who spoke the Nahuatl language and who achieved political Octavio Peazy Paz " ( March 31, 1914 – April 19, 1998) was a Mexican Writer, Poet, and diplomat 967 g
R: 17. 155 g
C: 16. 812 g
Ring: Aluminium bronze (as 50¢)
Center:
925‰ silver (1/2oz)
75‰ copper
Intermittent milling State title, coat of arms Coats of arms of the 31 States of Mexico and the Federal District
(In reverse alphabetical order)
2003
Culture of the states (e. Aluminium bronze is a type of Bronze in which Aluminium is the main Alloying Metal added to Copper. Silver (ˈsɪlvɚ is a Chemical element with the symbol " Ag " (argentum from the Ancient Greek: ἀργήντος - argēntos gen Copper (ˈkɒpɚ is a Chemical element with the symbol Cu (cuprum and Atomic number 29 The Coat of Arms of Mexico has been an important symbol of Mexican politics and culture for centuries Mexico City (in Spanish: Ciudad de México, México DF, México or simply Méjico) is the Capital city of Mexico g. architecture, wildlife, flora, art, science, dances)
(In normal alphabetical order)
2005
These images are to scale at 2. 5 pixels per millimeter, a Wikipedia standard for world coins. For table standards, see the coin specification table.

Banknotes

First peso

Money issued by the Villa revolutionary government of Chihuahua in 1913
Money issued by the Villa revolutionary government of Chihuahua in 1913

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.

Mexican banknotes no longer in circulation
Mexican banknotes no longer in circulation

In 1920, the Comisión Monetaria issued 50-centavo and 1-peso note whilst the Bank of Mexico issued 2-peso notes. The Bank of Mexico (Banco de México abbreviated BdeM or Banxico is Mexico 's Central bank and Lender of last resort. 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 1970, followed by 5 pesos in 1972, 10 and 20 pesos in 1977, 50 pesos in 1981, 100 pesos in 1982, 500 pesos in 1984 and 1000 pesos in 1985. 5000-peso notes were introduced in 1981, followed by 2000 pesos in 1983, 20,000 pesos in 1985, 50,000 pesos in 1986 and 100,000 pesos in 1988.

Second peso

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 31 July 1992. Events 30 BC - Battle of Alexandria: Mark Antony achieves a minor victory over Octavian 's forces but most of his army subsequently Year 1992 ( MCMXCII) was a Leap year starting on Wednesday (link will display full 1992 Gregorian calendar) 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. 200 and 500 nuevos pesos were added. All were printed with the date 10 December 1992. Events 1041 - Empress Zoe of Byzantium elevates her adoptive son to the throne of the Eastern Roman Empire as Michael V Year 1992 ( MCMXCII) was a Leap year starting on Wednesday (link will display full 1992 Gregorian calendar)

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. Events 533 - Byzantine General Belisarius makes his formal entry into Carthage, having conquered it from the Year 2001 ( MMI) was a Common year starting on Monday according to the Gregorian calendar. 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. Events 1399 - Henry IV is proclaimed King of England. 1744 - France and Spain defeat the See also 2002 (disambiguation Year 2002 ( MMII) was a Common year starting on Tuesday of the Gregorian calendar. The new $20 is printed on longer-lasting polymer plastic rather than paper. A new $1000 note was issued on November 15, 2004. Events 655 - Battle of Winwaed: Penda of Mercia is defeated by Oswiu of Northumbria. "MMIV" redirects here For the Modest Mouse album see " Baron von Bullshit Rides Again " 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 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). Events 456 - St Patrick returns to Ireland as a missionary bishop "MMIV" redirects here For the Modest Mouse album see " Baron von Bullshit Rides Again " The Chamber of Deputies (in Spanish: Cámara de Diputados) is the lower house of the Congress of the Union, Mexico 's bicameral The Bank of Mexico (Banco de México abbreviated BdeM or Banxico is Mexico 's Central bank and Lender of last resort. New Year See also New Year The Ancient Romans began their consular year on January 1st since 153 BC Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. [2]

On December 19, 2005, $100, $200, and $500 MXN banknotes include raised, tactile patterns (like Braille), meant to make them distinguishable for people with vision incapacities. Events 324 - Licinius abdicates his position as Roman Emperor. Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. The Braille system is a method that is widely used by blind people to read and write This system has been questioned and many demand that it be replaced by actual Braille so it can be used by foreigners not used to these symbols. The Braille system is a method that is widely used by blind people to read and write 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 Image:200mxn relieve.JPG Small broken-up square pattern.
$500 Image:500mxn relieve.JPG 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 will be launched gradually. The 50-peso denomination in polymer was launched in November 2006. The 20-peso note was launched in August 2007. The 1000-peso note was launched in March 2008.


The launch of the $200 is expected in 2008, and the $100 and $500 notes in 2009. This family is the F Series.

Current MXN exchange rates
Series D [6]
Image Value Dimensions Main Colour Description Date of
Obverse Reverse Obverse Reverse printing issue withdrawal
[7] [8] $10 129 × 66 mm Aqua Emiliano Zapata 6 May 1994 1996 1997
$20 Blue Benito Juárez Hemiciclo a Juárez 6 May 1994
17 May 2001 (polymer)
1996
September 30, 2002
current
$50 Violet José María Morelos y Pavón Scene from Michoacán 6 May 1994
18 October 2000 (iridescent)
1996
October 15, 2001
$100 155 × 66 mm Red Nezahualcoyotl Xochipilli 6 May 1994
18 October 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 7 February 1995
18 October 2000 (color shifting)
? (raised ink)
$500 Brown Ignacio Zaragoza Puebla Cathedral
$1,000 Cyan Miguel Hidalgo y Costilla Universidad de Guanajuato, Baratillo Fountain 26 March 2002 15 November 2004
Series F [9]
$20 120 × 66 mm Blue Benito Juárez Monte Albán 19 June 2006 20 August 2007 current
$50 127 × 66 mm Violet José María Morelos y Pavón Aqueduct of Morelia 5 November 2004 21 November 2006
$100 134 × 66 mm Red Nezahualcoyotl 2009
$200 141 × 66 mm Green Sor Juana Inés de la Cruz 2008
$500 148 × 66 mm Brown Diego Rivera Frida Kahlo 2009
$1000 155 × 66 mm Pink Miguel Hidalgo University of Guanajuato 7 April 2008
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International use

Some establishments in near border areas of the United States accept pesos as currency, mainly supermarkets. Emiliano Zapata Salazar ( August 8, 1879 – April 10, 1919) was a leading figure in the Mexican Revolution, which broke out in Events 1527 - Spanish and German troops sack Rome; some consider this the end of the Renaissance. Year 1994 ( MCMXCIV) was a Common year starting on Saturday (link will display full 1994 Gregorian calendar) Benito Pablo Juárez García (benit̪o paβ̞lo xwaɾes gaɾsia ( March 21, 1806 – July 18, 1872) was a Zapotec Amerindian Events 1527 - Spanish and German troops sack Rome; some consider this the end of the Renaissance. Year 1994 ( MCMXCIV) was a Common year starting on Saturday (link will display full 1994 Gregorian calendar) Events 1521 - Edward Stafford 3rd Duke of Buckingham, is executed for Treason. Year 2001 ( MMI) was a Common year starting on Monday according to the Gregorian calendar. Events 1399 - Henry IV is proclaimed King of England. 1744 - France and Spain defeat the See also 2002 (disambiguation Year 2002 ( MMII) was a Common year starting on Tuesday of the Gregorian calendar. José María Teclo Morelos y Pavón ( September 30, 1765, Valladolid now Morelia Michoacán – December 22, 1815, San Cristóbal Michoacán formally Michoacán de Ocampo (from Nahuatl Michhuacān "place of the fishermen" is one of the 31 constituent states Events 1527 - Spanish and German troops sack Rome; some consider this the end of the Renaissance. Year 1994 ( MCMXCIV) was a Common year starting on Saturday (link will display full 1994 Gregorian calendar) Events 1009 - The Church of the Holy Sepulchre, a Christian church in Jerusalem, is completely destroyed by the Fatimid 2000 ( MM) was a Leap year that started on Saturday of the Common Era, in accordance with the Gregorian calendar. Events 533 - Byzantine General Belisarius makes his formal entry into Carthage, having conquered it from the Year 2001 ( MMI) was a Common year starting on Monday according to the Gregorian calendar. Nezahualcoyotl (Nezahualcoyōtl nesawaɬˈkojoːtɬ (meaning "Coyote in fast" or "Coyote who Fasts"( April 28 1402 &ndash June 4 Xochipilli was the god of Art, games beauty Dance, Flowers Maize, and song in Aztec mythology. Events 1527 - Spanish and German troops sack Rome; some consider this the end of the Renaissance. Year 1994 ( MCMXCIV) was a Common year starting on Saturday (link will display full 1994 Gregorian calendar) Events 1009 - The Church of the Holy Sepulchre, a Christian church in Jerusalem, is completely destroyed by the Fatimid 2000 ( MM) was a Leap year that started on Saturday of the Common Era, in accordance with the Gregorian calendar. Events 533 - Byzantine General Belisarius makes his formal entry into Carthage, having conquered it from the Year 2001 ( MMI) was a Common year starting on Monday according to the Gregorian calendar. Events 324 - Licinius abdicates his position as Roman Emperor. Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. Sor Juana ( November 12, 1651 1648 according to some biographers &ndash April 17, 1695) also known as Sor Juana Inés de la Cruz Events 457 - Leo I becomes emperor of the Byzantine Empire. 1074 - Battle of Montesarchio in which the Prince Year 1995 ( MCMXCV) was a Common year starting on Sunday. Events of 1995 Events 1009 - The Church of the Holy Sepulchre, a Christian church in Jerusalem, is completely destroyed by the Fatimid 2000 ( MM) was a Leap year that started on Saturday of the Common Era, in accordance with the Gregorian calendar. Ignacio Zaragoza Seguín ( March 25, 1829 &ndash September 8, 1862) was a General in the Mexican Army, best Puebla Cathedral is a Roman Catholic Cathedral in the city of Puebla, in Puebla, Mexico. Miguel Gregorio Antonio Ignacio Hidalgo y Costilla Gallaga Mondarte Villaseñor ( May 8 1753 &ndash July 30 1811) also known as Miguel The Universidad de Guanajuato (in English, the University of Guanajuato) is a university based in the Mexican state of Guanajuato, made up of Events 1026 - Pope John XIX crowns Conrad II as Holy Roman Emperor. See also 2002 (disambiguation Year 2002 ( MMII) was a Common year starting on Tuesday of the Gregorian calendar. Events 655 - Battle of Winwaed: Penda of Mercia is defeated by Oswiu of Northumbria. "MMIV" redirects here For the Modest Mouse album see " Baron von Bullshit Rides Again " Benito Pablo Juárez García (benit̪o paβ̞lo xwaɾes gaɾsia ( March 21, 1806 – July 18, 1872) was a Zapotec Amerindian Monte Albán is a large Pre-Columbian Archaeological site in the southern Mexican state of Oaxaca. Events 1179 - The Norwegian Battle of Kalvskinnet outside Nidaros. Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. Events 636 - Battle of Yarmouk: Arab forces led by Khalid ibn al-Walid take control of Syria and Palestine Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. José María Teclo Morelos y Pavón ( September 30, 1765, Valladolid now Morelia Michoacán – December 22, 1815, San Cristóbal Morelia is the capital of the Mexican state of Michoacán de Ocampo. Events 1499 - Publication of the Catholicon in Treguier ( Brittany) "MMIV" redirects here For the Modest Mouse album see " Baron von Bullshit Rides Again " Events 164 BC - Judas Maccabaeus, son of Mattathias of the Hasmonean family restores the Temple in Jerusalem. Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. Nezahualcoyotl (Nezahualcoyōtl nesawaɬˈkojoːtɬ (meaning "Coyote in fast" or "Coyote who Fasts"( April 28 1402 &ndash June 4 Sor Juana ( November 12, 1651 1648 according to some biographers &ndash April 17, 1695) also known as Sor Juana Inés de la Cruz Diego Rivera (December 8 1886 &ndash November 24 1957 was born Diego María de la Concepción Juan Nepomuceno Estanislao de la Rivera y Barrientos Acosta y Rodríguez Frida Kahlo (July 6 1907 – July 13 1954 was a Mexican painter, who has achieved great international popularity Miguel Gregorio Antonio Ignacio Hidalgo y Costilla Gallaga Mondarte Villaseñor ( May 8 1753 &ndash July 30 1811) also known as Miguel Guanajuato is the name of a state in Mexico and that state's capital city as well as a river in the area Events 529 - First draft of Corpus Juris Civilis (a fundamental work in Jurisprudence) is issued by Eastern Roman Emperor 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common In 2007, Pizza Patrón, a chain of pizza restaurants in the southwestern United States started to accept the currency which has been a controversial topic in the U. Pizza Patrón is a United States Pizza chain headquartered in Dallas, Texas. S. A. [3][4]. Interestingly enough while the acceptance of Mexican Pesos in establishments remains a controversial topic within the United States, the acceptance of Canadian Dollars in border town establishments along the Canada / United States has been unquestioned for the past several decades. Other than American border towns, pesos are generally not accepted as currency outside Mexico.

See also

References

  1. ^ (1785) Journals of the Continental Congress, Volume 28, 354-357. The economy of Mexico is 10th to 12th largest in the worldSince the 1994 crisis, administrations have improved the country's macroeconomic fundamentals. The 1994 economic crisis in Mexico, widely known as the Mexican peso crisis, was triggered by the sudden Devaluation of the Mexican peso in the early The Silver Libertad is a silver Bullion coin originating from Mexico. Retrieved on 2008-02-05. 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common Events 1576 - Henry of Navarre converts to Roman Catholicism in order to ensure his right to the throne of France.  
  2. ^ Ordenan emitir billetes para invidentes ("(The deputies) order production of bills for the non-seeing"). April 5, 2004. Events 456 - St Patrick returns to Ireland as a missionary bishop "MMIV" redirects here For the Modest Mouse album see " Baron von Bullshit Rides Again " Retrieved on February 14, 2006 from esmas.com (Spanish)
  3. ^ "Pizza chain sparks debate by accepting pesos", MSNBC, 2007-01-12. Events 842 - Charles the Bald and Louis the German swear the Oaths of Strasbourg in the French and German Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. esmascom ("Es más" means "It is more" in Spanish is the portal of Televisa, the largest Mexican television MSNBC is a 24-hour cable television news channel based in the United States and available in Canada. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 475 - Basiliscus becomes Byzantine Emperor, with a coronation ceremony in the Hebdomon palace in Constantinople Retrieved on 2008-01-30. 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common Events 1648 - Eighty Years' War: The Treaty of Münster is signed ending the conflict between the Netherlands and Spain  
  4. ^ Kovach, Gretel. "Pizza Chain Takes Pesos, and Complaints", The New York Times, 2007-01-14. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 1129 - Formal approval of the Order of the Templar at the Council of Troyes. Retrieved on 2008-01-30. 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common Events 1648 - Eighty Years' War: The Treaty of Münster is signed ending the conflict between the Netherlands and Spain  

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