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200 Pesos

Issuer Banco de México
Year 2018-2022
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Value 200 Pesos
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Reverse description Brown intaglio print over a green, blue, and yellow guilloche underprint; at right of centre, a vignette of a golden eagle (Aquila chrysaetos) in flight over the volcanic landscape of the El Pinacate y Gran Desierto de Altar Biosphere Reserve in Sonora. Two pass-through registration marks are situated at lower left.
Reverse lettering Banco de México 200 Pesos Ecosistema de desiertos y matorrales, con él águila real en la Reserva de la Biosfera El Pinacate y Gran Desierto de Altar en Sonora, patrimonio natural de la humanidad. Doscientos Pesos
(Translation: Bank of Mexico 200 Pesos Desert and scrub ecosystem, with the golden eagle in the El Pinacate and Gran Desierto de Altar Biosphere Reserve in Sonora, natural heritage of humanity. Two Hundred Pesos)
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Comments

Banco de México brought its printing operations fully in-house decades ago, and this note is one product of that infrastructure — the Mexico City facility handles the complete production run domestically, which is relatively unusual among major Latin American central banks. The hybrid substrate, combining paper and polymer elements, was introduced for this denomination as part of a broader effort to reduce counterfeiting losses on higher-value notes without fully committing to an all-polymer series.

The pass-through registration feature — where obverse and reverse elements align precisely to form a complete image when held to light — requires tighter manufacturing tolerances than most security features, and its presence here reflects how seriously Banxico treats counterfeiting pressure on the 200-peso denomination specifically.