Banxico Unveils New MX$20 CoinBy Emilio Aristegui | Thu, 08/11/2022 - 19:17
Banxico announced the circulation of a MX$20 (US$1) coin, as the bank continues to develop new coins and bills with high-level security attributes despite the historical inflation.
“The Bank of Mexico informs that today it put into circulation a coin of twenty pesos, commemorating the hundred years of the arrival of the Mennonites in Mexico. This coin is bimetallic, has a dodecagonal shape, has a latent image and a microtext as security elements,”
The obverse of the coin bears the National Shield with the legend “Estados Unidos Mexicanos,” a Mennonite family in the center, a railway to the left and a plowed field to the right. The coin reads “Pioneer Community” on a microtext and a superior legend that reads “100 Years of the Arrival of the Mennonites to Mexico.”
Banxico explained that the coin is legal tender and will be available for the general public to use. Its distribution is scheduled in the “following days,” according by the Central Bank.
Mexico’s Official Gazette of the Federation (DOF) published on April 25, 2022 reads that the coin must hold the following characteristics: nominal Value of MX$20, dodecagonal shape, 30 mm diameter, discontinuous striated song, bimetallic composition. It is composed of two alloys: one for its central part and another for its perimeter ring.
Banxico also presented a new MX$20 (US$1) “Solemne y Pacifica, Entry of the Exercise of the Three Guarantees into the Capital of Mexico on September 27 of the Memorable Year 1821” bill on Sep. 2021, honoring important symbols of Mexican history and the nation’s vast variety of ecosystems throughout its territory, as reported by MBN.
“The message the bill communicates is a celebration of dialogue, union and overcoming our differences in favor of a higher common good,” wrote Alejandro Díaz de Leon, Governor of Banxico, in a press release.