The Bank of Mexico (Banxico) The gradual withdrawal of the 20 peso bill from the D1 family has begun, the classic blue specimen that It bears the image of Benito Juárez. Although the measure marks the beginning of its definitive exit from the market, the bills that are still in circulation remain valid and can be used to make any type of payment or transaction. However, once they reach the banking institutions, They will be separated and sent to the central bank, without being distributed again to the public.
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Banxico says goodbye to Benito Juárez’s blue ticket
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After almost twenty years in the pockets of Mexicans, The iconic 20 peso bill is officially retired. The decision was published in the Official Gazette of the Federation (DOF) on October 10, where all banks and financial entities in the country were instructed to stop their recirculation as part of a process of modernization of paper money.
Although the bill maintains its face value and liberating power, Banxico has confirmed that its withdrawal is definitive. From now on, each copy that arrives at a branch will be classified, separated and destroyed, which means that its presence will gradually disappear from ATMs and everyday transactions.
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Why is the 20 peso bill withdrawn?
The main reason for this decision lies in Banxico’s strategy of replacing the lowest paper denominations with coins, because the latter have greater durability and represent a lower production cost in the long term.
Instead, the institution will promote the use of the 20 peso commemorative coin and the Family G bill, presented in 2021 to celebrate the Bicentennial of the Consummation of Independence. This new bill, green in tone and horizontal in design, replaces the portrait of Juárez with historical representations, since the Benemérito now appears on the 500 peso bill.
What to do if you still have 20 peso bills
Those who still have bills of this denomination You can continue using them without any problem, or go to the bank to change them. Banxico has reiterated that They will continue to be recognized as a legitimate means of payment as long as they remain in circulation.
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However, for collectors, this change represents an opportunity. When it ceases to be printed and circulated, The 20 peso copies with Benito Juárez in good condition could increase their numismatic value over time, becoming a representative piece of an important stage of the Mexican economy.
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