Catalog
20 000 Pesos
| Issuer | Banco de México |
|---|---|
| Year | 1988-1989 |
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| Printer | Banco de México, Mexico City |
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| Obverse description | Portrait vignette of Andrés Quintana Roo at centre, rendered in intaglio, with an underprint view of the archaeological zone of Tulum serving as the background motif. Guilloche patterning frames the composition, with denomination numerals and issuing authority inscriptions arranged along the upper and lower margins. |
|---|---|
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| Protection type | Watermark, Security thread |
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| Comments |
By the late 1980s, Mexico's peso had been through a decade of severe devaluation — the 1982 debt crisis triggered a collapse that ultimately forced a full redenomination in 1993, when one new peso was exchanged for 1,000 old ones. A 20,000-peso note, unthinkable a generation earlier, had become a routine transaction denomination, not a large-value instrument.
Banco de México printed this series in-house at its own facilities, unusual for a central bank of that period and reflective of the volume demands that chronic inflation imposed on note production.