Museum of the Bank of Mexico opens its doors to the public

The Bank of Mexico (Banxico) opened to the public the banking hall of its main building, which will now serve as a museum.

Museum of the Bank of Mexico opens its doors to the public
Money of the Bank of Mexico. Image by juliangvm from Pixabay

The Bank of Mexico (Banxico) opened to the public the banking hall of its main building, which will now serve as a museum where, in addition to accessing its facilities and emblematic places -such as the vault-, people will be able to learn about the numismatic collection and the functions of the banking institution.

The exhibition seeks to consolidate the link between society and the institution, since " the Bank of Mexico fulfills a fundamental task for the country, for all Mexicans, which is to provide national currency, but we do not necessarily pay attention to identify who put it into circulation, who it is, what it does, what its purpose is", said the governor of Banxico, Alejandro Díaz de León Carrillo.

The space in the banking hall was wasted and only those who came to Banxico's facilities to carry out some procedure or participate in a meeting could appreciate the place for a few moments. The central bank has the task of providing essential public goods to the entire population, but they are not necessarily known to the majority.

"That is why we feel that opening the doors of Banco de México, opening the doors of the house, welcoming all Mexicans who want to visit the Bank, is an opportunity and a link with society as a whole that should be strengthened and maintained, and with this opening of the house we feel that we are contributing to this greater linkage," he said.

Admission is free, but tickets must be reserved in advance through The Museum of the Bank of Mexico will operate from Tuesday to Sunday, from 11:00 a.m. to 5:00 p.m.

New commemorative 20 peso banknote in circulation

Since last Friday, the Bank of Mexico (Banxico) put into circulation the new 20 peso bill, commemorating the consummation of Mexico's Independence; it has reinforced security measures that help the authentication of users -even for the visually impaired- and make counterfeiting more difficult.

It is made of polymer and has a mixed format: the obverse, which contains graphics of the triumphal entry of the Army of the Three Guarantees to Mexico City, is horizontal; while the reverse, which depicts the mangrove ecosystem with the Mexican crocodile and the chocolate heron in the Sian Ka'an Biosphere Reserve, is vertical. In its dimensions of 120 millimeters long and 65 millimeters high, the green and red colors predominate, in addition to its improved security, durability, and functionality features.

From the banking hall of the central bank's main building, which will now serve as a museum open to the general public, Banxico's Governor, Alejandro Díaz de León Carrillo explained that the scene depicted on the obverse of the new banknote alludes to the entrance of the Army of the Three Guarantees through the triumphal arch, "before a city adorned with flowers and belts in the colors of the flag of the Army of the Three Guarantees". This historical scene is considered as the core event with which the consummation of national independence was celebrated.

He said that "those who study this historical period refer to this moment as the greatest symbol of harmony between a society that had been divided and at war but that, beyond their differences, found a way to reach the same goal, the formation of a newly independent nation".

The back of the banknote depicts the mangrove ecosystem of the Sian Ka'an Biosphere Reserve, in Quintana Roo, which is a protected natural area and was declared a Natural Heritage Site by UNESCO in 1987. Díaz de León highlighted the importance of the Sian Ka'an mangroves as a habitat for various bird species and other endangered species, including the Mexican crocodile, also represented on the new banknote.

"In short, this banknote is unique because it represents the maximum gesture of national harmony in the history of our country, which, by uniting, achieved its longed-for sovereignty and one of the most beautiful and biologically important ecosystems in our geography," said the governor of Banxico.

Finally, he acknowledged the work of experts in academia, culture, and history who helped in the selection of thematic motifs and the design of the new commemorative 20 peso banknote.