2024-07-13 02:19:11
The Bank of Mexico (Banxico) announced a major change in currencies 1, 2 and 5 pesos; here we inform you about these new modifications.
This is by decree of the Ministry of Finance and Public Credit (SHCP), which was published in the Official Gazette of the Federation (DOF) last Thursday, July 11, 2024.
It should be remembered that the Board of Governors of the Bank of Mexico had already put on the table since the December 15, 2023, the proposal of change the material with which coins of this value are made.
But,What is the important change that the 1, 2 and 5 peso coins will have?? Find out about the changes implemented by the Bank of Mexico.
Coins. Illustrative image (Pixabay)
They will replace the material used to make 1, 2 and 5 peso coins: Bank of Mexico
At the proposal of the Bank of Mexico, the SHCP made the decision to change the metal composition of the center of the 1, 2 and 5 peso coins.
While the material used until this provision came into force is a bronze-aluminum alloy where your central disk is made up in 92% copper, 6% aluminum and 2% nickel.
While the perimeter ring of these numeraries is a stainless steel alloy with materials such as chromium, nickel, carbonetc.
However, with this new announcement from the Bank of Mexico, It will be from the year 2025 when the 1, 2 and 5 peso coins will have a new composition.
“The Ministry of Finance and Public Credit, at the proposal of the Bank of Mexico, will determine its metallic composition by indicating one of the alloys established in the respective Decree”
DOF
What will the new 1, 2 and 5 peso coins be made of? This is what the Bank of Mexico said
With this important change, the material of the 1, 2 and 5 peso coins Now they will be replaced by bronze coated steel.
Something important to mention is that these modifications do not mean the disappearance of the coins of said denomination, since the decision taken by the Bank of Mexico, does not contemplate its withdrawal from circulation.
In addition, the Ministry of Finance and Public Credit agreed with the Bank of Mexico regarding the aforementioned change is the “most appropriate” for 1, 2 and 5 peso coins.
Aspects of banknotes and coins (Crisanta Espinosa Aguilar / Crisanta Espinosa Aguilar)
2024-07-13 02:19:11