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Banxico Steps Up Fight Against Currency Counterfeiting With New Detection Protocols

The central bank has launched step-by-step tactile, visual, comparative checks so consumers can verify ten-peso coins before use

Overview

  • On July 21 Banxico released official guidelines outlining a three-level inspection process for spotting fake ten-peso pieces through tactile feel, visual review and direct comparison
  • Investigators report that most counterfeit coins are produced by fundición and troquelado methods, which leave uneven metal joins and rough or blurred edges
  • A multimedia campaign launched July 22 on radio, television and online platforms urges routine coin use to keep currency in circulation and highlights that tampering with any coin or banknote is a federal crime
  • Banxico withdrew 64 counterfeit ten-peso coins in the first quarter of 2025, adding to the 1,423 fake pieces removed throughout 2024
  • Currency alteration remains widespread across denominations, with 922,763 counterfeit banknotes seized so far and the 500-peso note topping the list at 466,944 detected units