What does a Mexican peso look like? The Mexican peso, known as “peso mexicano” in Spanish, is the official currency of Mexico. It is widely recognized and used throughout the country, as well as in some neighboring countries. In this article, we will explore the design, history, and unique features of the Mexican peso.
The Mexican peso has a rich history that dates back to the 16th century. The currency was introduced by the Spanish conquistadors after they conquered the Aztec Empire. Initially, the peso was based on the Spanish silver peso, which was itself derived from the Spanish dollar. Over the years, the design and composition of the peso have undergone several changes to reflect the country’s cultural heritage and economic developments.
The current design of the Mexican peso features a combination of historical symbols and modern elements. The obverse side of the coin typically showcases the Mexican coat of arms, which includes an eagle perched on a cactus, holding a serpent in its beak. This image is a representation of the legend of the Aztecs, who believed they were destined to found their capital city where an eagle devoured a serpent on a cactus.
The reverse side of the coin usually features the denomination and the year of minting. For example, a 20-peso coin might display “20 PESOS 2020” in large, bold letters. The design of the reverse side also includes the name of the issuing bank, “Banco de Mexico,” and a map of Mexico.
Mexican peso banknotes come in various denominations, ranging from 20 to 2,000 pesos. The design of the banknotes is equally rich in symbolism and cultural significance. For instance, the 20-peso bill features the image of Benito Juárez, a prominent Mexican president and reformer. The 50-peso bill showcases the Palacio de Bellas Artes, a renowned cultural center in Mexico City, while the 100-peso bill features the National Palace, the official residence of the President of Mexico.
One unique feature of the Mexican peso is the use of the “centavo” as the subunit. One peso is divided into 100 centavos. The centavo coins are often round, with the denomination and year of minting inscribed on the coin’s face. However, the design of the centavo coins has changed over the years, with various depictions of Mexican flora and fauna.
In conclusion, the Mexican peso is not only a medium of exchange but also a reflection of the country’s rich history, culture, and economic development. Its design, featuring symbols and images that represent Mexico’s heritage, makes it a fascinating subject for both collectors and those interested in the country’s past and present. So, the next time you see a Mexican peso, take a moment to appreciate its intricate design and the story it tells.
