Catalog
1000 Pesos 'BANCO DE MEXICO S.A.'
| Issuer | Banco de Mexico |
|---|---|
| Year | 1981-1982 |
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| Composition | Log in to see details |
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| Printer | Banco de Mexico, Mexico |
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| Engraver(s) | Log in to see details |
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|---|---|
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| Protection type | Watermark |
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| Variants | P#76a - 27.01.1981 / series MG Engraved back P#76b - 27.01.1981 / series NH Lithographed back P#76c - 03.09.1981 / series SN P#76d - 25.03.1982 / series SX |
| Comments |
Mexico's inflation crisis of the early 1980s made the 1000 Peso note — substantial tender in the 1970s — effectively a mid-range denomination by the time this series was withdrawn. The "S.A." suffix in the bank's title is a telling anachronism: Banco de México had functioned as a fully state-owned central bank since 1936, but continued printing the sociedades anónimas designation on notes well past any legal relevance.
Printed in-house at the bank's own facilities, this series coincided almost exactly with the catastrophic peso devaluations of 1982, when the currency lost roughly 70% of its value against the dollar inside a single year.