Just like most other countries, you don't want to get stuck holding the bag on a bad currency note. Knowing how to quickly identify the security features of the Mexican peso can protect you from getting passed a bum bill. Tourists and North Americans who visit and even those that live here year round can often be easy marks for receiving short change and counterfeit pesos. This article is compiled directly from the Bank of Mexico's page on how to identify the security measures invalid Mexican pesos. Unlike the United States, Mexico issues its own currency and the money is the property of the country of Mexico. Mexico does not borrow its money from a federal reserve bank.
Learning About Mexican Money
Collecting Mexican coins, rare Mexican coins worth money
The Trancoso was one of the largest and most important haciendas in Zacatecas state of Mexico. It was founded with Spanish land grants between and as a cattle ranch. It covered over 55 square miles sq. In the 19th century it became one of the largest wool exporters in Latin America. Like many haciendas of that era it a was engaged in wide range enterprises including growing grain, animal husbandry, a distillery and a church. It fell on hard times after the Mexican Revolution, resulting in violent conflicts between the owners and peasants. Eventually the land was expropriated and much of it given to families who lived on the Hacienda.
Money in Mexico
Brightly colored and adorned with strange faces, we used to call it 'Monopoly Money' when ours was just plain green. North Americans can avoid getting short changed and overpaying by becoming familiar with the different denominations of the Mexican Peso. Whether you are visiting Mexico or plan to stay longer, it is a good idea to familiarize yourself with the six major peso notes currently in circulation. Knowing what is the value of the bill you are pulling from your wallet or purse at a glance can save you from being short-changed or over-paying. In the Bank of Mexico will be introducing into circulation of the new family of banknotes, the first of which was the denomination of pesos, and will be available through the banking system as of Tuesday, August 28 of this year.