EconomyThis is how the new 20 peso coins are

This is how the new 20 peso coins are

Since August 8, Mexicans can see in circulation one that was issued by the Bank of Mexico (Banxico) , commemorating the 100 years of the Mennonites in Mexico .

This coin is bimetallic, has a dodecagonal shape, has a latent image and a microtext as security elements, according to the central bank.

new $20 coin

The first thing you should know is that this currency is legal tender, that is, it can be used to make payments anywhere and should not be rejected.

The issuance of this coin was announced in the Official Gazette of the Federation (DOF) on April 25, 2022. The coin is dodecagonal in shape and has a diameter of 30 millimeters.

It is bimetallic whose ring has an alloy of bronze and aluminum as well as a central part of silver nickel.

The content of the ring is 92% copper, 6% aluminum and 2% nickel. The content of the central part of the coin contains 65% copper, 10% nickel and 25% zinc.

On the front you can see a railway and a family of Mennonites with a legend of “Pioneer Community” in capital letters.

The legend “One hundred years after the arrival of the Mennonites in Mexico” can also be read on the ring.

What other designs does the 20 peso coin have in Mexico?

This is not the only 20 peso coin in circulation. Banxico has a plan to gradually remove the 20-peso bills, as they deteriorate, so that in a few years only coins of this denomination will be handled.

Don’t worry, if you have saved banknotes from other years or designs in a piggy bank, they are still good and you can exchange them at any bank branch for new design banknotes.

Other 20-peso coins also have designs such as the commemoration of the 700th anniversary of the foundation of Tenochtitlán, the 500 years of historical memory of Mexico-Tenochtitlán, the bicentennial of National Independence.

There are also coins that commemorate the 500th anniversary of the founding of the city and port of Veracruz, the 50th anniversary of the Marine Plan, the fiftieth anniversary of the application of the DN-III-E plan, as well as the centenary of the enactment of the Political Constitution of February 5, 1917.

Waiting for the bonus and the Good End? Credits will be more expensive

The strength of inflation forces the Bank of Mexico to once again adjust its price expectations for the following months, with no improvement in sight in the short term.

Last Minute: Banxico raises interest rate to a record 9.25% to contain inflation

For the eleventh consecutive time, the Bank of Mexico raises the reference rate in an attempt to control inflation, which stands at 8.7%, its highest level in almost 20 years.

Mexico vs Covid: They reveal that Mexicans disinfected bills with Pinol, Lysol, vinegar and...

In the pandemic, Mexicans wanted to avoid the spread of covid-19 by disinfecting their bills with different cleaning products.

What reaction is expected for the peso to the decision of the Bank of...

The market does not expect any surprises and is already discounting an increase of 75 basis points for this Thursday, so the Mexican currency will remain stable.

No plan this weekend? Celebrates the anniversary of the Banco de México Museum

One year after opening its doors, the Banco de México Museum celebrates with the inauguration of a new temporary exhibition room with extended hours this weekend.

More