Beware of Counterfeit Banknotes Circulating in Mexico
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June 1, 2017
Inside Mexico's money factory (CNN)
Counterfeit banknotes circulate in Mexico, as they do in every country around the world. Notwithstanding the prospect of a twelve-year prison sentence for counterfeiting money, some people still chance their luck by printing rogue notes in an attempt to pass them off as genuine.
Trouble may arise if you innocently offer a counterfeit note for payment and have the bill checked, refused, and possibly confiscated. Most stores and all exchange houses have ultra-violet light lamps and security pens on-hand to make an immediate check of the paper quick and simple.
Modern Mexican banknotes carry a range of security features. Most are similar to those you see on banknotes issued world-wide, making it easier to spot a fake. The latest series of notes being issued by the Bank of Mexico include some state-of-art anti-counterfeiting measures, most notably, a holographic stripe on the note face, the image of which changes as the note is tilted.
Although credit and debit cards are widely accepted now, Mexico is still very much a cash-based economy, so even if you use your plastic extensively, there will be times when you will need to deal in cash. To help you avoid getting caught out by fake banknotes, check out the summary of Mexican banknotes and the main security futures you should become aware of when you are handling them at Mexperience.
If you’ve been given a fake banknote in Mexico, read Dealing with Counterfeit Mexican Banknotes for information and advice about what to do.
You can learn more about currency and see graphic representations of the latest Mexican banknotes on the Guide to Money in Mexico.
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