The banknote of 5000 Pesos depicts the portrait of he Heroic Cadets or Boy Soldiers, were six Mexican teenage military cadets. These cadets died defending Mexico City's Chapultepec Castle from invading
The banknote of $5000 Mexican Pesos is dedicated to the Niños Héroes: six teenage military cadets who died defending Mexico City's Chapultepec Castle from invading U.S. forces in the 1847 Battle of Chapultepec. The back side of the Cinco Mil Pesos bill shows Chapultepec Castle and a Heroic Military Academy badge.
There are one hundred Mexican cents (Centavos) to every peso. So 5000 in old pesos is worth 5 new pesos, about $0.50 US.
The note of the lowest denomination (20 pesos) is the smallest one, measuring 120-mm in length, and the note of highest denomination (1,000 pesos) is the longest, at 155-mm long. From each denomination to the next one (20, 50, 100, 200, 500 and 1,000) there is a difference of 7 mm in length.
The new banknote will be the second highest currency denomination ever issued by the central bank, after the limited edition P100,000 bill made for the Philippines centennial year in 1998. The P5,000 banknote is not for circulation and will only be available for purchase by the public, but it will be a legal tender.
From Banko Sentral ng Pilipinas
However, starting January 1, 2017, the old banknote series will be fully demonetized or without monetary value. This means that the New Generation Banknotes introduced in December 2010 will result in the circulation of a single currency series in the country.
The BSP allows all bills to be exchanged at authorized agent banks nationwide until December 30, 2016. You can also visit the BSP Cash Department to exchange your old bills. The BSP has also issued a few reminders regarding the old and new banknote series for everyone to take note of.
Mexico eliminated one 0 of it's currency in the early nineties and that's it, the bills do not have an expiration date. Like the Euros in Europe took over the Liras, Francs, etc...
With today's exchange rates, $100 USD is about $1,900 – $2,000 MXN. Compared to wages, $1,900 MXN is about weeks' worth of salary for most manual labor jobs outside the major cities of Mexico. So for locals that have basic day labor jobs, it is a decent amount of money.
5000 Mexican Peso = 250.0413 U.S. Dollar
Following are currency exchange calculator and the details of exchange rates between Mexican Peso (MXN) and U.S. Dollar (USD).
The Banco de Mexico started issuing these 50000 Pesos banknotes in 1986. The banknote of 50000 Pesos depicts the portrait of The latest Aztec ruler of Tenochtitlan and The back side of the purple coloured cincuenta mil pesos bill shows a fight between a Spaniard and Aztec.
The banknote of 10000 Pesos depicts the portrait of General Lazaro Cardenas. On the front of the 10000 MXN note is a power plant. On the back side of the diez mil pesos bill is the Coyolxauhqui stone discovered in Mexico City in 1978.
The bill was graced with a portrait of James Madison. President Richard Nixon ordered that the bills be recalled in 1969 due to fear of criminals using them for money laundering activities. Finding a $5,000 bill today takes pluck, luck, and significantly more than $5,000.
For the current value of old Mexican coins, see this page. For example, a $1000 peso note dating back to the late 70's/early 80's is worth just one Mexican peso today. A $100,000 peso note dating back to 1991 is exchangeable today for a $100 peso note with a value of around US$9.
Large denominations of United States currency greater than $100 were circulated by the United States Treasury until 1969. Since then, U.S. dollar banknotes have only been issued in seven denominations: $1, $2, $5, $10, $20, $50, and $100.
The national currency in Mexico is the Mexican Peso (MXN). However the US Dollar is widely accepted across Mexico especially in the more touristic places like Playa del Carmen. In fact most tour companies, restaurants, and even some shops will have their prices in both pesos and dollars.
The Kuwaiti dinar (KWD) is often the most valuable foreign currency and it does not rely on a peg. It floats freely.
While you might already know that the Mexican peso is the national currency of Mexico, you may not know that it used to be widely accepted as legal tender in the U.S., Canada, and even some Asian nations. The fact is, the Mexican peso isn't just banknotes and coins. It also serves as a link to history in the Americas.
In Mexico City, the average price of a 2-liter of Coca-Cola is 28 pesos, or around $1.40 (based on an exchange of 1:20).
It's recommended that you buy pesos before you land in Mexico, just in case you need the cash. According to this USA Today article, the most economical way to do this is to buy pesos from your bank in the U.S. Most banks will do this for free, especially if you're not withdrawing a significant amount of money.
Yes, It's Legal! Many people assume that it's illegal to stamp or write on paper currency, but they're wrong! We're not defacing U.S. currency, we're decorating dollars!
When it comes to old coinage, some banks will accept them. However in most cases you will need to pay them into an account, rather than swap them. And banks may impose a timescale on this.
The law also does not mention that mere folds or creases in Philippine money will warrant jail time or fee. An individual can only be punished for the “willful” defacement, mutilation, tearing, burning and destruction of currency issued by the BSP, as stated under Presidential Decree 247.