Money

New $200 Peso Bank Note Introduced in Mexico

$200 peso banknote (2019)

As part of an ongoing program to update the current series of Mexican bank notes, the Bank of Mexico launched a new $200 peso bill on September 2, 2019, to replace the current design that was first introduced in 2008.

The new $200 peso bill is presented in a similar shade of green as the current note and features Miguel Hidalgo and José María Morelos — the two key protagonists of the country’s independence movement — replacing the scholar and philosopher Sor Juana Inés.  The reverse side of the new bill features an eagle flying over El Pinacate bio-reserve in the northern state of Sonora.

This is the second in a new series of bills being rolled-out by Mexico’s central bank.  On August 28, 2018 the Bank of Mexico introduced a redesigned $500 peso bill. Other denominations in coming years will include a new $1,000 peso bill in 2020; a new $100 peso bill in 2021; and a new $50 peso bill in 2022.  Its program brief also mentioned the possibility of a new $2,000 peso bill should one be needed.

Mexico’s bank notes have become increasingly sophisticated over the years in a bid to thwart counterfeiters, and this latest series builds on advances in bank note technology.  You can learn more about the new note on the bank’s website.

It takes time for new bank notes to enter physical circulation and the current $200 peso bill will remain legal tender until further notice.  After the Bank of Mexico withdraws a bank note from circulation, genuine notes can be exchanged at retail banks for a while, and indefinitely afterwards at the Bank of Mexico itself.

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