A country in the southern part of North America, the United Mexican States is bordered by the United States to the north, the Pacific Ocean to the south and west, Guatemala, Belize, and the Caribbean Sea to the southeast, and the Gulf of Mexico to the east. The country has a rich cultural and biological heritage, making it one of the most-visited countries in the world. The country also topped in the Americas and the seventh in the globe for having the most numbers of UNESCO World Heritage sites.
Mexico is politically-stable and has an established middle-income economy. The country uses the Mexican peso for its national currency. Following the Mexican War of Independence, the country’s first set of banknotes was released during Emperor Agustin de Iturbide’s reign in 1823. Later on that same year, the republican government issued notes of similar designs. On September 1, 1925, the Banco de Mexico was established, and since then, the bank has been the sole issuer of Mexican peso banknotes.
From 1925 until 1968, the American Bank Note Company of New York was the exclusive printing partner of Mexican notes until the Banco de Mexico started operating its own facility in 1969. Although the bank has produced notes, ABNC still printed notes for Mexico until 1978. Earlier notes bear the bank seal and bank guilloches, having the same layout as that of the US dollars. Meanwhile, the first notes printed by the Banco de Mexico also have the bank seal and bank guilloche but have all-new designs and color schemes.
In 1993, Mexico revalued its currency, replacing the peso with the nuevo peso. In 2001, a 20-peso bill in polymer substrate was introduced for improved longevity. Later on, in 2004, the 50-peso note was also changed to the polymer. There have been a number of counterfeiting cases of the 50-peso note. Therefore, the denomination was redesigned with enhanced security elements such as a SPARK feature. It is also the first in the world to use an Eclipse image.