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20 Pesos Independence

Issuer Banco de México
Year 2021-2023
Type Commemorative banknote
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Obverse lettering Banco de México Bicentenario de la Consumación de la Independencia Nacional Solemne y pacifica entrada del ejército de las tres garantías en la capital de México él día 27 de setiembre del memorable año de 1821
(Translation: Bank of Mexico Bicentennial of the Consummation of National Independence Solemn and peaceful entry of the army of the three guarantees in the capital of Mexico on September 27 of the memorable year of 1821)
Reverse description The reverse presents a vignette of the mangrove ecosystem of the Sian Ka'an Biosphere Reserve in Quintana Roo, a UNESCO World Natural Heritage Site, with a Morelet's crocodile (Crocodylus moreletii) and a roseate spoonbill (Platalea ajaja) rendered in naturalistic detail amid lush tropical vegetation. The denomination and issuing bank name appear alongside a descriptive inscription identifying the flora and fauna. The design employs a rich palette of greens and blues evocative of the coastal wetland environment.
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Comments

This note marks a deliberate shift in the 20 Peso denomination, which had long circulated in paper form before Banco de México converted it to polymer — a move partly driven by the brutal attrition rate of low-value notes in everyday Mexican commerce. Banco de México is one of relatively few central banks worldwide that operates its own intaglio printing facility, and this denomination was produced entirely in-house at their Mexico City plant.

The polymer substrate is sourced externally but finished domestically, which is an unusual degree of vertical integration for a Latin American issuer.