Catalog
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| Issuer | Banco de México |
|---|---|
| Year | 1981-1983 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Peso (1863-1992) |
| Composition | Log in to see details |
| Size | Log in to see details |
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| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Central vignette of the Coyolxauhqui moon stone disc, the celebrated Aztec carved relief recovered during archaeological excavations at the Templo Mayor in downtown Mexico City. The intricate circular stone carving is rendered in intaglio detail against a guilloche underprint, with the denomination inscription positioned below. |
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| Protection type | Watermark |
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| Variants | Log in to see details |
| Comments |
Mexico printed its own banknotes in-house through its central bank's printing works from the early 1970s onward, and this high-denomination issue reflects the inflationary pressure that made 10,000 pesos a necessary denomination rather than an exceptional one. The peso lost roughly 75% of its value against the dollar between 1981 and 1983, driven by the collapse in oil revenues and the debt crisis that forced a series of devaluations beginning in February 1982.
The P#78 series was eventually superseded by the 1992 redenomination, when 1,000 old pesos became 1 new peso — reducing this note to the equivalent of 10 centavos at a stroke.