New $1,000 Peso Banknote Introduced in Mexico (2024)

As part of an ongoing program to update the current series of Mexican bank notes, the Bank of Mexico launched a new $1,000 peso bill on November 19, 2020, replacing the current design that was launched in April 2008. This is the highest-denomination Mexican bank note in public circulation.

New $1,000-peso banknote features

The new $1,000 peso bill is presented in hues of teal and yellow. The face of the new note shows three protagonists from Mexico’s revolutionary era, Francisco I. Madero, Hermila Galindo, and Carmen Serdán; in the background is a steam-driven locomotive—the principal form of transport during that time. The reverse side of the new banknote features the sub-tropical jungles of southern Mexico, in particular a protected national park in the state of Campeche, ancient Maya ruins, and a jaguar—the iconic cat of that region. The new bill is printed on cotton-based security paper, unlike the new $100 peso banknote released in the same month this year that is printed on polymer plastic.

Not commonly seen and used

The $1,000 peso bill is not commonly seen in circulation. ATMs don’t usually dispense them, and they are notoriously difficult to spend at small shops, independent traders, and market stalls who often refuse to accept the bills, either because they ‘rob’ the trader’s float of change, or due to fear of it being a counterfeit.

Part of a new design series

This is the fourth in a new series of bills being rolled-out by Mexico’s central bank. On August 28, 2018 the Bank of Mexico introduced a redesigned $500 peso bill. and on September 2, 2019 the latest $200 peso bill was placed into circulation. Earlier this month, the central bank issued a new $100 peso bill. A new version of the current $50 peso banknote design is expected in the next year. The current $20 peso bank note continues to circulate, and the new, 12-sided, $20 peso coin launched in April 2020 has yet to be widely seen in circulation.

Mexico’s banknotes have become increasingly sophisticated over the years in a bid to thwart counterfeiters, and this latest series builds on advances in bank note technology. You can learn more about the new note on the bank’s website.

It takes time for new bank notes to enter physical circulation and the current $1000 peso bill will remain legal tender until further notice. After the Bank of Mexico withdraws a bank note from circulation, genuine notes can be exchanged at retail banks for a while, and indefinitely afterwards at the Bank of Mexico itself.

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New $1,000 Peso Banknote Introduced in Mexico (2024)

FAQs

How much is the $1000 peso bill worth? ›

Mexican Pesos to US Dollars conversion rates
MXNUSD
500 MXN27.59 USD
1,000 MXN55.19 USD
5,000 MXN275.96 USD
10,000 MXN551.92 USD
7 more rows

Can I fold the new 1000 peso bill? ›

Both paper and polymer banknotes—even when folded—as well as centavo coins(1) are legal tender in the Philippines. As such, all business establishments and individuals should accept folded polymer banknotes and centavo coins when used as payment.

Is there a 1000 peso bill in Mexico? ›

The 1000-peso banknote entered circulation in 2004. F-type banknotes differ in terms of security features, colors, and sizes.

How far does 1000 USD go in Mexico? ›

US Dollars to Mexican Pesos conversion rates
USDMXN
1,000 USD18,289.07 MXN
5,000 USD91,445.35 MXN
10,000 USD182,890.71 MXN
50,000 USD914,453.59 MXN
7 more rows

Is the 1000 peso bill rare? ›

In the streets are more strange, you will see many posters of “We don't accept 1000 pesos bills” because frauds with fake billetes. They are not rare, just rarely used and many places of business have a sign refusing to accept them. You can request them at the bank.

How much is $1000 pesos in US dollars? ›

Download Our Currency Converter App
Conversion rates Mexican Peso / US Dollar
1000 MXN54.20980 USD
2000 MXN108.41960 USD
5000 MXN271.04900 USD
10000 MXN542.09800 USD
8 more rows

Is it legal to own a 1000 dollar bill? ›

The United States no longer issues bills in larger denominations, such as $500, $1,000, $5,000, and $10,000 bills. But they are still legal tender and may still be in circulation. The U.S. Bureau of Engraving and Printing creates U.S. paper currency. Learn about paper money and how to recognize counterfeit currency.

Do banks accept $1,000 dollar bills? ›

How to redeem older bank notes. The $1, $2, $25, $500 and $1,000 bills still retain their face value even though they are no longer legal tender. You can take them to your financial institution or send them to the Bank of Canada to redeem them. Or, you can decide to keep them.

Who is the woman in the 1000 peso bill? ›

Josefa Madamba Llanes Escoda (born Josefa Llanes y Madamba; 20 September 1898 – 6 January 1945) was a Filipino civic leader, social worker, World War II heroine, and suffragette. She is most known for campaigning for women's suffrage and as a founder of the Girl Scouts of the Philippines.

Are old Mexican peso bills worth anything? ›

Examples of present-day values

a $100,000 peso note dating back to 1991 is exchangeable today for a current-day $100 peso note; $1 and $5 peso notes dating back to pre-1975 are worth fractions of a Mexican cent and are now no more than museum pieces and collectors' items.

What is the highest peso bill in Mexico? ›

The note of the lowest denomination (20 pesos) is the smallest one, measuring 120-mm in length, and the note of highest denomination (1,000 pesos) is the longest, at 155-mm long. From each denomination to the next one (20, 50, 100, 200, 500 and 1,000) there is a difference of 7 mm in length.

Is there a 5000 peso bill in Mexico? ›

Mexico - Banco de México. 1985 Issues 5000 Pesos

Face Color: Red on multicolor underprint. Face Type: Cadets at left center, bank title without S. A. 4 signatures and signature varieties, narrower serial number. Back Type: Chapultepec castle. Watermark: J. de la Barrera.

How much does a house cost in Mexico? ›

Share article: Data provided by the Federal Mortgage Society, shows that the average house price in Mexico has increased to $90,850 in the first quarter of 2023, up 11.7% against the same period last year.

What is the average salary in Mexico? ›

What is the average salary in Mexico? The average salary in Mexico is around $350,000 pesos yearly. When converted to USD, this is around $17,000 USD yearly.

Is $1000 a month good in Mexico? ›

The cost of living in Mexico can vary greatly depending on your lifestyle and the location you choose. However, living comfortably in Mexico for around $1000 a month is possible, particularly if you're renting. Let's explore how you can achieve this.

How much is my $1,000 dollar bill worth? ›

Moreover, only a small percentage of $1000 bills were printed with unique serial numbers or in error, making them even more valuable and desirable among collectors. In fact, a $1000 bill can be purchased between $2000 and $6000 dollars on the market, depending on its condition and grading.

How much is $1000 dollars in Mexico money? ›

US Dollars to Mexican Pesos: exchange rates today
USDMXN
1,000 USD18,309.40 MXN
2,000 USD36,618.81 MXN
5,000 USD91,547.04 MXN
10,000 USD183,094.08 MXN
8 more rows

How much is a 1988 $1000 peso worth? ›

Manage my collection
DateMintageVF
1988 Mo229 300 000$ 0.54
1989 Mo215 716 000$ 0.80
1990 Mo41 291 000$ 0.98
1990 Mo2
3 more rows

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