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50 Pesos

Issuer Banco de Mexico
Year 1925-1934
Type Standard circulation banknote
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Obverse lettering Banco de Mexico pagará cincuenta pesos a la vista al portador en efectivo
(Translation: Bank of Mexico will pay fifty pesos in cash to the bearer on demand)
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Reverse lettering Cincuenta Pesos Banco de Mexico
(Translation: Fifty Pesos Bank of Mexico)
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Comments

Banco de México's earliest series, issued from 1925 following the bank's founding that same year, was engraved and printed entirely by the American Bank Note Company in New York — a common arrangement for newly established central banks in Latin America that lacked domestic printing infrastructure capable of producing secure currency.

The P#24 ran across nearly a decade of considerable monetary turbulence, spanning the tail end of the Cristero War's economic disruptions and into the early years of the Great Depression, during which Mexico suspended gold convertibility. Notes from the later dates in this range, post-1931, circulated under a fundamentally different monetary regime than those issued at the series' opening.

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