Catalog
10 Nuevos Pesos
| Issuer | Banco de México |
|---|---|
| Year | 1992 |
| Type | Log in to see details |
| Value | 10 New Pesos |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| 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 | EL BANCO DE MEXICO PAGARA A LA VISTA AL PORTADOR MEXICO, D.F.. 10 DIC 1992 10 DIEZ NUEVOS PESOS EMILIANO ZAPATA (Translation: The Bank of Mexico will pay on demand to the bearer Mexico, Federal District. 10 December 1992 10 Ten new pesos Emiliano Zapata) |
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| Protection type | Log in to see details |
| Protection description | Emiliano Zapata portrait watermark visible in the unprinted area when held to light; embedded security thread running vertically through the note. |
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| Comments |
The 1992 Nuevos Pesos series marked Mexico's currency redenomination, which dropped three zeros from the old Peso to create the "Nuevo Peso" — a direct response to the inflationary spiral of the 1980s that had eroded public confidence in the currency over the preceding decade. The "Nuevo" designation was always meant to be temporary, and it was formally dropped in 1996 once the government judged that the reform had sufficiently stabilized expectations.
Banco de México printed this series in-house, one of relatively few central banks that has maintained full domestic printing capacity throughout the modern era.