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2 Nuevos Pesos
| Issuer | Banco de México |
|---|---|
| Year | 1992-1995 |
| Type | Log in to see details |
| Value | 2 New Pesos |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Weight | Log in to see details |
| Diameter | Log in to see details |
| Thickness | Log in to see details |
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| Technique | Log in to see details |
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| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Latin |
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| Reverse description | The aluminium bronze centre displays the large numeral '2' as the dominant design element, with the currency denomination 'N$' to its left and the mint mark 'Mo' (Casa de Moneda de México) to its right; the year of issue appears in the upper left field. The stainless steel ring is decorated with a continuous frieze of pre-Columbian Aztec calendar glyphs and iconographic motifs in raised relief, referencing Mexico's indigenous cultural heritage. |
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| Mint | Log in to see details |
| Mintage | Log in to see details |
| Additional information |
The 1992 nuevo peso series was introduced as part of a redenomination that dropped three zeros from the old peso — one new peso equaled 1,000 old ones. The reform was a direct response to decades of accumulated inflation that had left the original unit functionally meaningless for everyday transactions. What the redenomination could not fix was the underlying fiscal pressure, and by late 1994 the currency was in crisis again, with the peso collapsing nearly 50% against the dollar in what economists later called the "Tequila Crisis."
The bimetallic format was itself new to Mexican coinage at this point, introduced partly for anti-counterfeiting reasons at a denomination that had become genuinely useful again after redenomination.