20 Pesos

Beschrijving voorzijde	Black intaglio print on a multicolor guilloche underprint, with red serial numbers. At left, a portrait vignette of Josefa Ortiz de Domínguez rendered in fine line engraving.
Opschrift voorzijde	Log in om details te zien
Beschrijving keerzijde	Black intaglio print with red seals. At center, a detailed architectural vignette of the interior of the Convent of Saint Augustine in Querétaro.
Opschrift keerzijde	Log in om details te zien
Handtekening(en)	Log in om details te zien
Beveiligingstype	Log in om details te zien
Beschrijving beveiliging	Log in om details te zien
Varianten	Log in om details te zien
Opmerkingen	Banco de México's relationship with the American Bank Note Company ran for decades, but the late 1940s peso series reflects a specific postwar moment: Mexico's economy was expanding rapidly under industrialization policy, and the central bank needed a note series that projected institutional confidence to foreign investors and creditors as much as to domestic users. The ABNC plate work on this series is among the finer intaglio output the company produced for Latin American clients in that period. Collector attention to P#48 tends to focus on ink variation between print runs — differences subtle enough to escape casual notice but consistent enough to suggest multiple plate states.