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100 Pesos

Issuer Banco de Mexico
Year 1978-1979
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Size 157 x 67 mm
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Obverse description Purple intaglio print over a multi-color guilloche underprint, with black and red serial numbers. At left, a portrait vignette of Venustiano Carranza; to the right of center, a reproduction of José Clemente Orozco's 1926 mural 'La Trinchera' (The Trench). The issuing bank title and denomination appear in intaglio lettering across the face.
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Reverse description Purple and brown intaglio print over a multi-color guilloche underprint. At center, a vignette of a Toltec Chac Mool reclining sculpture, with bas-relief carvings from the Tula archaeological site rendered across the background. The denomination and place name appear in intaglio lettering.
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Comments

The P#68 series was printed in-house by Banco de México at its own printing plant — one of the earlier Latin American central banks to bring note production fully under state control rather than contracting to the major European or North American security printers. By the late 1970s, Mexico's money supply was under severe pressure: peso depreciation following the 1976 devaluation had badly eroded public confidence, and 100-peso notes from this period circulated hard and fast, turning up worn well before their expected withdrawal.

The watermark security on this series is relatively rudimentary by contemporary standards, reflecting the limitations of domestic production at the time.

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