As of 2023, the 20, 50, 100, 200 and 500 pesos bills of the D1 family will go out of circulation, although they can continue to be used to carry out commercial and exchange transactions, according to a statement from the Bank of Mexico, Banxico.
The D1 family banknotes have similar characteristics to the D family banknotes and new security features. Although they still retain their release power (they are worth the denomination they indicate), by resolution of Banxico they will be withdrawn from circulation through credit institutions.
This decision means that the banknotes can continue to be used to carry out transactions, but when they arrive at the banks, they must separate them to deposit them in the Bank of Mexico and not deliver them to the public again.
The banknotes that will enter the circulation process are those of the following denominations:
- 20 pesos, with the face of Benito Juárez on the front and the Chamber of Juárez from Mexico City on the reverse.
- 50 pesos, with the face of José María Morelos y Pavón on the front and the lake of Pátzcuaro in Michoacán on the back.
- 100 pesos, with the face of Nezahualcóyotl on the front and a sculpture of Xiuhcoátl or fire serpent on the reverse.
- 200 pesos, with the face of Sor Juana Inés de la Cruz on the front and the temple of San Jerónimo on the back.
- 500 pesos, with the face of Ignacio Zaragoza on the front and the cathedral of Puebla on the reverse.
- 1000 pesos, with the face of Miguel Hidalgo y Costilla on the front and the University of Guanajuato on the back.
The 20-peso coins will replace bills of that denomination, a process that is estimated to last until 2025.
Also, there are coins that will enter the withdrawal process such as:
- Family C: 10 cents, 20 commemorative pesos at the turn of the millennium and 100 commemorative pesos.
- Family B: 10 cents, 20 and 50 new pesos that were put into circulation in 1993.
What other banknotes will go out of circulation?
Along with the D1 family notes, other notes that will stop circulating, according to Banxico, are:
- Family B, issued in 1993
- Family C, issued in 1994
- D, issued in 1996
- Family D1, issued between 2001 and 2005
- The thousand pesos banknote of Family F, with the frontal image of Miguel Hidalgo y Costilla and on the reverse the image of the University of Guanajuato, issued in 2008.
The beginnings of the D1 family banknotes
The denominations of 50, 100, 200, and 500 pesos were put into circulation in 2001. The 20-peso denomination corresponds to the first banknote made of polymer and was put into circulation in 2002. The 1,000-peso bill was put into circulation in 2004.
Banxico announces new families of banknotes
This December 12, Banxico announced on its Facebook profile that it will issue new families of banknotes, which, according to the institution, will have more efficient security elements to prevent counterfeiting, increase their durability in circulation, and incorporate features to facilitate their use.
Rocio Reyes Communicologist specialized in science journalism and digital marketing. Curiosity leads this being with a cat personality to find links where apparently there are none. Whenever I can, I like to contribute even a bit of what I’ve learned. Fan of the world of entrepreneurship and MMA.