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Banxico Debunks Viral 2,000-Peso Bill as Family G Rolls Out, 20-Peso Note Enters Withdrawal

The central bank says a conceptual design exists only for use if future cash demand warrants it.

Overview

  • Banxico states there is no authorization, plan or timetable to issue a 2,000‑peso note and the circulating images are fabricated or recycled from older posts verified as false.
  • The bank’s new Family G keeps denominations at 50, 100, 200, 500 and 1,000 pesos with upgraded security and durability tailored by denomination and substrate.
  • A gradual withdrawal of the blue 20‑peso note from Family F began on October 10 under a DOF circular; it remains legal tender but banks must remit it to Banxico instead of recirculating it.
  • Internal planning from 2013 contemplated a conditional 2,000‑peso subproject with themes featuring Octavio Paz and Rosario Castellanos and a dry‑forest ecosystem motif, yet no issuance has been approved.
  • Economists quoted by media caution that launching a higher denomination can shape inflation expectations, underscoring why any decision would depend on demonstrated cash needs.