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100 Nuevos Pesos

Issuer Banco de México
Year 1992
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Size 155 x 66 mm
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Obverse description Portrait vignette of Nezahualcoyotl, the pre-Columbian Aztec poet-king, occupies the right half of the note in intaglio print against a red and orange guilloche underprint. To the left, a smaller vignette reproduces a detail of pre-Columbian codex imagery, flanked by three signature lines for the Cajero, Director General, and Junta de Gobierno. The denomination "100" appears in large numerals at lower left, with the legend "CIEN NUEVOS PESOS" below.
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Reverse lettering BANCO DE MEXICO 100 NUEVOS PESOS CIEN XOCHIPILLI
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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.