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New 2 thousand peso bill in Mexico?

by Yucatan Times
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MÉRIDA, Yucatán, Mexico – A rumor has been circulating recently. This year a 2000 thousand peso bill could begin to circulate throughout the country, including Yucatán, with the images of Rosario Castellanos and Octavio Paz on the front and the ecosystem of dry forests on the back, with a “zozt” (bat in Maya language) or maguey bat and agave.

Bank of Mexico (Banxico) has stated that its issuance would only be possible if needed. If the prices of products and services were to increase, it would make us spend more and require higher denomination banknotes to cover them.

It is well known that the most common situation that causes a country to issue high denomination bills is inflation. This situation occurred in Mexico in 1994 with the issuance of 500 and 200 peso bills to prevent the peso’s devaluation in 1995.

In his Youtube channel, Lion Alchemist, who claims to be an expert in numismatics, indicated that “the Board of Governors of Banco de México has approved the proposal of the thematic motifs to be incorporated in the design of the 2000 banknote, in case its issuance is authorized”.

The thematic motifs are the images of Rosario Castellanos and Octavio Paz, while the reverse will have the dry forest ecosystem with a “zozt” or maguey bat and the agave.

Last year, the “G” Family banknotes issuance was concluded, including the 20, 50, 100, 200, 500, and 1000 peso denominations. Banco de México indicated that it plans to issue the 2,000-peso bill, which will be put into circulation only if it is deemed necessary to meet users’ needs.

Therefore, there is still no date for the banknote to circulate or be printed, but it remains a possibility.

TYT Newsroom

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