I thought this was quite strange. I got some Mexican coins a while back, and looking through them, I noticed that they had some large denominations, ones that would normally be on a banknote. I have $5, $10, $20, $50, $100, and even a $1000 coin from Mexico. And I found it a little strange that they would put these on a coin, and not on a banknote. And what made it seem even more strange, is that I have a $20 banknote from Mexico, so its kinda weird to have the same denomination on a coin and on a banknote. Can anybody explain this to me?
With inflation ramping up in the '80s higher denominations were issued in coin form because they tend to last a lot longer. Finally in 1992 a monetary reform converted 1000 Pesos into 1 New (nuevo) Peso. The Peso is currently worth about 11 U.S. cents.
Oh ok, thanks! That would explain why all of them are from the 80's, and why the $20 from '93 coin says "N$20" lol.
