93 F
Monday, August 2, 2021

Mexico to introduce new 1,000-peso bill in 2020

Revolutionary figures, ancient Mayan symbols, invoked in the design

Recent headlines

New permit allows restaurants in Yucatán to stay open longer

Yucatán's state government has announced that restaurants will now be allowed to remain for one hour longer, until 11 pm.

Will Yucatán’s love for cheese beat out its fear of COVID-19?

Event organizers have been quick to point out that they will be following all sanitary protocols, to protect vendors and patrons from COVID-19. 

Looking to buy ceramics? Look no further than Ticul

When entering the town on the road from the nearby town of Muna, you will notice a string of several shops ceiling ceramic crafts, plates, ornaments, and pots. 
Yucatán Magazine
Sign up for the Yucatán Roundup, a free newsletter, which delivers the week's top headlines every Monday.
A Bank of Mexico graphic indicates a new look for the 1,000-peso bill.

The new 1,000-peso bill will enter circulation in the second half of the year, according to Banco de México (Banxico).

On one side of the paper currency, the Mexican Revolution will be the central theme, featuring the likenesses of revolutionary activists Hermila Galindo, Francisco I. Madero and Carmen Serdán.

The other side of the note will feature jungle imagery including a jaguar, the sapodilla fruit and the ancient Mayan city of Calakmul, in present-day Campeche, the bank said.

Demand for Mexican banknotes and coins rose by 21.46 billion pesos in the week ending May 15, indicating that consumers’ preference for cash reached its highest level in history, reported Banxico.

Rodolfo Navarrete, director of economic analysis at Vector Casa de Bolsa, said that in times of crisis, a preference for cash liquidity increases.

“When there are these kinds of problems, people would rather have money on hand than do credit card operations,” he said.

These banknotes will have the same security elements as those of other denominations, such as dynamic thread, touch-sensitive reliefs, watermarks, embossed foil and fluorescent inks.

The bill replaces currency introduced in 2018, which is made of pink and violet cotton paper with the figure of the priest Miguel Hidalgo y Costilla on one side and the bells of Dolores on its reverse.

More news

A new way of looking at Yucatán’s famed Chichén Itzá

Chichén Itzá has gone from being thought of as simply one of many Mayan cities to nearly synonymous with Maya civilization itself.

Mérida will replace its airport with a new one, governor confirms

The Mérida International Airport in 2020 was in midst of a huge expansion and renovation. Photo: Sipse Mérida's...

Fundamental Arquitectura and the art of taking it slow

Zaida and Orlando have been creating narrative-heavy spaces in Mérida since 2015. With an important emphasis on public spaces, they have recycled iconic spaces of the city into new forms of living.

Progreso has welcomed its first cruise in over 16 months

Although only approximately 300 passengers disembarked from the ship, local and state authorities hailed the arrival of the Breeze as a victory and sign that Yucatán’s cruising industry is finally beginning to recover.