In the process of being withdrawn from circulation, circulation, Banco de México (2024)

FAQs

What Mexican coins are still in circulation? ›

Paper money currently used is in the denominations 20 peso, 50 peso, 100 peso, 200 peso, and 500 peso. Coins in denominations of 20 and 50 centavos (100 centavos makes up 1 peso), and 1 peso, 2 peso, 5 peso, 10 peso, and 20 peso are also in circulation.

Avid coin collectors in search of old, rare and valuable finds will discover a treasure trove in Mexican coins. The earliest specimens date back nearly 500 years, and if you come across one, you could find yourself more than half-a-million dollars richer.

If you have old bank notes you want to exchange for present-day notes/coins, you need to take them to any of one Mexico's retail banks, or to the the Bank of Mexico if the quantity/value exceeds the retail bank 'exchange limit:' the exchange limit at a retail bank is 500 individual notes or a present-day value of ...

After 15 ^th October 2017, the round pound will no longer be legal tender so if you've got old round pound coins in your wallet, piggy banks or hidden down the back of your sofa, dig them out and spend them before they become useless.

Banks and credit unions are generally the best places to exchange currency, with reasonable exchange rates and the lowest fees.

A 1988 1000 Mexican Peso coin is worth about $8.50 in US dollars.

Situations in Mexico where CASHLESS payments are readily accepted. Payment by debit and credit card is becoming increasingly common across Mexico, and even some smaller (and market) traders are using portable card-payment devices to accept trade from people who don't have any cash to pay with.

How many pesos is considered rich in Mexico? ›

How much do you have to earn in a month to be considered rich in Mexico? In order to be considered as part of the A/B Social Economic Level (the highest present in Mexico) you have to earn an average of 120,000 pesos a month. That is around 6,000 dollars a month or 72,000 dollars a year.

1 USD = 17.123945 MXN Apr 23, 2024 02:34 UTC.

But at Walmart – perhaps the largest shopping destination in town – a few changes had taken place in the meantime, including the store halting its use of Mexican currency.

If you have a 10,000 Mexican Peso note, then you have a bill printed and introduced before the peso devaluation in 1993. That's when the Mexican government just lopped three zeros off the end; meaning that your 10,000 peso note in old pesos is worth 10 new pesos, or about fifty cents U.S.

Coins that will be withdrawn include the Series B 10. 20, and 50 new pesos introduced in 1993; and the Series C 10 and 20 Turn of the Millennium commemoratives and the 100 peso. The Spanish word nuevo translating to new in English was removed from peso denominated coins in 1996.