As happens every so often, the Bank of Mexico (Banxico) has made known that this 2024 will remove a 500 peso bill from circulation which at this time continues to be used in the national market.
It was through its official website where the Bank of Mexico (Banxico) reported that the 500 peso bill that will go out of circulation this 2024 is the one it has in mind. on the obverse the effigy of Ignacio Zaragoza, and on the left the representation of a fragment of the work.
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In addition, On the reverse side, the 500 peso bill that will be taken out of circulation in the Mexican market has the representation of the bell tower and domes of the Puebla cathedral, as well as ornamental elements from the region.
It should be noted that this 500 peso copy was made of cotton paper and belongs to the D1 familywhich was put into circulation for the first time by Banxico on October 15, 2001with new security elements.
Other banknotes that are in the process of withdrawal
However, the aforementioned 500 peso bill is not the only one that is in the process of being withdrawn by order of Banxico, but also the following:
*Family B (issued in 1993): includes the 50 new peso bill with the image of Nezahualcóyotl, and the 100 new peso bill with the image of former president Plutarco Elías Calles.
*Family C (issued in 1994): includes the 50 new peso bills with the image of José María Morelos y Pavón; that of 100 new pesos with Nezahualcóyotl; that of 200 new pesos with the image of Sor Juana Inés de la Cruz, and that of 500 new pesos with the image of Ignacio Zaragoza.
*Family D (issued in 1996): the designs of the C family, with the only change in the name.
*D1 Family (issued in 2001): includes the thousand peso bills with the image of Miguel Hidalgo.
*Family F (issued in 2006): includes the 20 and 50 peso banknotes made of polymer, as well as the 500 peso banknotes with the image of Diego Rivera and Frida Kahlo.
It should be said, in conclusion, that banknotes and coins in the process of withdrawal can still continue to be used for the purchase and sale of products and services in the national territory, as indicated by the Mexican central bank.
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