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Mexico

Mexico issues more than 1.5 billion banknotes per year. This makes Mexico and its 2 printworks in the top 10 issuing countries. Mexico has successfully integrated paper money and polymer currency into their cash cycle for many years; whereas most countries pick one or the other for their circulating...
Mexico issues more than 1.5 billion banknotes per year. This makes Mexico and its 2 printworks in the top 10 issuing countries. Mexico has successfully integrated paper money and polymer currency into their cash cycle for many years; whereas most countries pick one or the other for their circulating banknotes. Mexico integrated high security technology, visual appealing designs and cultural images into their banknotes which makes them distinctive and highly collectable.
Mexico had its first banknotes printed in 1823 but they were issued and printed outside of Mexico. The Bank of Mexico was formed in 1917 and authorized its first banknotes in 1920. They were printed by the American Banknote Company. These early banknotes have artwork layouts very similar to United States dollars which makes they attractive to many collectors. In 1969, Mexico opened its own printworks in Mexico City and dramatically changed its printing processes, integrating colors and more white space. 
Mexico experienced significant inflation and in 1991 had its highest denomination- 100,000 peso. In 1993 it revalued its currency and stripped 3 zeros from its peso banknotes. Mexico has had a history of creating new series of banknotes- issues 7 series since 1993. There have been at times some significant counterfeiting and durability issues with 20 and 50 peso notes; especially when Mexico began using polymer notes. They experienced a lot of ink wear on these early notes which made them hard to authenticate. The 2012 Mexican 20 Peso is an example of the significant number of re-issues. There have been more than 15 versions of the same design. In 2015, the Bank of Mexico reported that about 70 of every million banknotes were fake. AS a comparison, the US Dollar and Euro experience less than 5 per million counterfeits. As a result of the counterfeiting issues, Mexico has begun using advanced overt security effects such as SICPA’s Spark inks. These inks and art features have made the circulation and commemorative notes beautiful, secure and collectable
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