New 500 Peso Bill Features Gray Whale

September 17, 2018
Blog

A few weeks ago at an event in Mexico City, The Bank of Mexico (Banxico) introduced a new 500-peso bill which will replace the images of the former president Benito Juarez with a blue colored gray whale.   This is the first of several new bills that will pay homage to Mexico’s historical identity and natural heritage.

Banxico said the 500 peso bill is larger than the 20 peso note and that the former is made of cotton paper, whereas the latter is plastic. Both notes are blue and feature Juarez.

Alejandro Diaz de Leon the governor of Bank of Mexico said the decision to change the 500-peso note was made because it is the most widely circulated and most counterfeited bill.

The new 500 peso bill features a range in security features including fluorescent ink, a dynamic thread, embossing perceptible by touch, a watermark and a multicolor denomination on the new 500 peso note.

Benito Juarez appears on two bank notes as his likeness is already featured on the 20-peso bill.  He served as president between 1858 and 1872 and was a Zapotec lawyer from Oaxaca

The historic process of La Reforma [a 19th-century liberal reform] and the restoration of the republic feature together on the new 500-peso bill along with the eco-system of coasts, seas, islands, and the gray whale were presented by the central bank in a video.

In 1994 the 500-peso bill was first issued and featured an image of army general Ignacio Zaragoza. In 2010, the Frida and Diego bill appeared but will now be gradually withdrawn from circulation.

A new 200-peso bill will enter into circulation next year featuring independence heroes Miguel Costilla y Hidalgo and José María Morelos on one side and the El Pinacate desert biosphere reserve on the other side.

In 2020 a new 1,000-peso note will be issued into circulation paying homage to the Mexican Revolution, with images of Francisco I. Madero, Carmen Serdán and Hermila Galindo on one side. The opposite side will feature Campeche’s Calakmul Biosphere Reserve.

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