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Banxico Begins Formal Withdrawal of 20-Peso Benito Juárez Banknote

A government notice effective October 10 obliges banks to pull the family F 20‑peso on receipt, sending it to the central bank.

Overview

  • The order published in the Diario Oficial instructs institutions to stop putting the family F 20‑peso note at the public’s disposal and to remit it as “Billetes en Proceso de Retiro.”
  • The blue polymer bill issued in 2007 remains legal tender for purchases and deposits until the banking system completes its removal.
  • Banxico’s issuance chief said the note will stop being printed in 2025, with withdrawal advancing as pieces flow back through branches and ATMs.
  • The move advances a plan to replace low‑denomination paper with more durable 20‑peso coins and adopt family G designs, with Benito Juárez now appearing on the 500‑peso bill.
  • Other family F denominations, including the 50‑ and 1,000‑peso notes, are also being phased out, and media report heightened collector listings for certain 20‑peso specimens.