Catalog
1000 Pesos
| Issuer | Banco de Mexico |
|---|---|
| Year | 1978-1979 |
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| Composition | Log in to see details |
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| In circulation to | 1 January 1996 |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | EL BANCO DE MEXICO S.A. SERIE PAGARA UN MIL PESOS A LA VISTA AL PORTADOR MEXICO D.F. CONSEJERO INTERVENTOR DE LA COMNAL BANCARIA Y DE SEGUROS CAJERO JUANA DE ASBAJE BANCO DE MEXICO S.A. |
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| Protection description | Portrait watermark of Juana de Asbaje visible when held to light |
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| Comments |
The P#70 1000 Pesos series was issued during a period of acute monetary stress in Mexico — the peso had been devalued sharply in 1976 under President Echeverría, and inflationary pressure continued into the López Portillo years. Banco de México was pushing higher denominations into circulation faster than institutional confidence could support them.
Printed at the Banco de México's own facilities in Mexico City, this note belongs to a series that would be superseded relatively quickly as inflation eroded its purchasing power. By the mid-1980s, 1000 pesos had become a small transaction denomination, and the 1988 redenomination eventually made the entire series obsolete.