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100 Pesos

Issuer Banco de México
Year 1936-1942
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Printer American Bank Note Company, New York, United States
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Obverse description Black intaglio printing on a multi-colour guilloche underprint, with a portrait vignette of Francisco I. Madero positioned at right. The issuer's name and payment clause are set across the upper portion of the face in bold lettering, with the denomination stated in the surrounding text.
Obverse lettering EL BANCO DE MEXICO S.A. PAGARA CIEN PESOS A LA VISTA AL PORTADOR
(Translation: The Bank of Mexico, S.A. will pay One Hundred Pesos on sight to the bearer)
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Comments

The P#31 series spans a period of significant monetary reorganization in Mexico — the Banco de México had only been granted its monopoly on note issuance in 1925, and by the mid-1930s it was still consolidating public trust in centrally issued currency after decades of fragmented commercial bank paper. ABNC supplied most of the bank's higher-denomination printing during this period, a relationship that reflected both Mexico's limited domestic printing capacity and the prestige attached to New York-engraved paper at the time.

The series ran over six years, and notes from the early 1936 dates are noticeably scarcer than later issues — high-denomination notes of this period circulated in relatively narrow commercial and governmental channels rather than general retail trade, and attrition was lower but survival rates uneven depending on where redemption occurred during the 1940s reissue cycle.