New 1,000 Peso Bill

elchrist · Posted: 05 Nov 2004 09:49 AM Post subject: New 1,000 Peso Bill

Mexico Unveils New 1,000 Peso Bill
Source: Forbes

Mexico unveiled a new 1,000 peso bill Thursday, the largest denomination available in the currency.

The bill, equivalent to $87, will begin circulating on Nov. 15. About 50 million will be put into circulation. Central bank officials said they created the new note after noticing increased use of 200-peso and 500-peso bills.

"There's a growing appetite to pay with higher-denominated bills," said Manuel Galan, the Bank of Mexico's director of programming, adding that the new notes will improve "efficiency in doing commercial transactions."

The purple-and-green-hued bill will feature the likeness of Miguel Hidalgo y Costilla, who led Mexico's 1810 independence.

The amount of bills and coins in circulation on a daily basis is currently about 280 billion pesos ($24.5 billion.)

Thankfully my wallet will now be half as thick.

Radiodude · Posted: 05 Nov 2004 11:15 AM Post subject:

were can I get it????? Neutral

amp · Posted: 05 Nov 2004 11:27 AM Post subject: Re: New 1,000 Peso Bill

elchrist · Posted: 05 Nov 2004 11:47 AM Post subject: Re: New 1,000 Peso Bill

elchrist · Posted: 05 Nov 2004 02:37 PM Post subject:

Question:

At the current exchange rate and starting off with a crisp MX$1000 peso bill, how many times would one have to exchange money back and forth to dwindle down to having just one cent?

elchrist · Posted: 08 Nov 2004 10:00 AM Post subject: Feria