Editing Mexican peso (section)

====New peso notes and coins====
{{multiple image |align=right |direction=vertical |title=Series A and B banknotes
|image1=Banco de México A $20000 obverse.png |caption1=MXP $20000 (Series A, 1985)
|image2=Banco de México B $20 obverse.png |caption2=MXN $20 (Series B, 1993)
}}
The transition was done with minimal confusion by issuing the Series B "nuevo peso" banknotes in N$10, $20, $50, and $100 denominations with designs nearly identical to the corresponding banknote in the preceding Series A, which were labelled in old pesos (MXP $10,000, $20,000, $50,000, and $100,000, respectively); for Series B, the equivalent nuevo peso face value was {{frac|1|1000}} of the old peso face value for Series A. For example, the Series A old peso MXP$20,000 and the Series B nuevo peso MXN$20 banknotes share the same design, aside from the updated face value. Old and new pesos circulated simultaneously between 1993 and 1995, but old peso Series A banknotes were gradually retired at this time, and newly designed Series C "nuevo peso" banknotes commenced in 1994. From January 1, 1996, the "nuevo peso" was simply renamed to "peso", and new Series D banknotes were issued identical to Series C except for the word "nuevo" dropped. The ISO 4217 code remained unchanged as MXN. Series A and AA banknotes were demonetized and no longer legal tender as of January 1, 1996.<ref name=SeriesA-AA-done>{{cite web |url=https://www.banxico.org.mx/banknotes-and-coins/demonetized-banknotes-and-coi.html |title=Demonetized banknotes and coins |publisher=Banco de México |access-date=29 April 2022 |archive-date=1 July 2022 |archive-url=https://web.archive.org/web/20220701104901/https://www.banxico.org.mx/banknotes-and-coins/demonetized-banknotes-and-coi.html |url-status=live }}</ref> Although they remain legal tender, Series B, C, D, and D1 banknotes are in the process of being withdrawn from circulation; in addition, the MXN$1000 Series F banknote is being withdrawn.<ref name=Gradually/> The most commonly circulated banknotes in Mexico are MXN$20 and above in Series F and G.

Similarly, Series B coins in nuevo peso denominations were circulated starting from 1993<ref name=Gradually/> and Series A and AA coins were demonetized starting from November 15, 1995.<ref name=SeriesA-AA-done/> Unlike the notes, Series B coins differed in size and design from the Series A coins. Series C coins (which dropped the "N$" prefix on the MXN$1, N$5, N$10, N$20, and N$50 coins) were circulated starting in 1996 following the withdrawal of Series A and AA coins. Series B and C coins in uncommon denominations (10-centavo and MXN$20 and greater) are gradually being withdrawn from circulation. Although they remain legal tender, they are set aside when they arrive at commercial banks.<ref name=Gradually>{{cite web |url=https://www.banxico.org.mx/banknotes-and-coins/in-the-process-of-being-withd.html |title=In the process of being withdrawn from circulation |publisher=Banco de México |access-date=29 April 2022 |archive-date=29 April 2022 |archive-url=https://web.archive.org/web/20220429144955/https://www.banxico.org.mx/banknotes-and-coins/in-the-process-of-being-withd.html |url-status=live }}</ref> The most commonly circulated coins in Mexico are MXN$10 and below in Series C and D.