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100 Nuevos Pesos

Issuer Banco de México
Year 1992
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Reference(s) P#102
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Reverse description Central vignette presents the pre-Columbian stone statue of Xochipilli, the Aztec god of flowers and arts, seated on an ornately carved ceremonial platform, rendered in intaglio in red and pink tones. The background is composed of intricate geometric and Aztec-motif guilloche patterns filling the entire field, with multicolored optically variable ink elements at left. The denomination "100" appears in the upper corners, with "CIEN" at lower center and the caption "XOCHIPILLI" below the statue.
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Protection description Watermark portrait of Nezahualcoyotl visible when held to light; embedded security thread running vertically through the note
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Comments

The 1992 series marked Banco de México's transition to the nuevo peso, a redenomination that lopped three zeros off the old peso following years of inflation that had rendered small denominations functionally worthless. One hundred nuevos pesos represented 100,000 of the old currency — a figure that would have been unremarkable a decade earlier but by 1992 reflected how thoroughly the peso's purchasing power had collapsed since the 1982 debt crisis.

Mexico brought production in-house for this series rather than contracting abroad, a deliberate policy shift toward self-sufficient note manufacturing at the Banco de México's own facilities.

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