The Bank of Mexico announced the beginning of the withdrawal of the F Family banknotes, which means that the 50 and 1,000 peso notes featuring the images of Hidalgo and Morelos, respectively, will be removed from circulation. This process adds to the upcoming retirement of the 200 and 500 peso banknotes. According to the Bank of Mexico, the banknotes being withdrawn retain their nominal value and are separated once received at a bank window to ensure they do not return to circulation. The F Family of banknotes presents changes in security features, colors, and sizes. The 50 peso banknote was introduced in 2006, while the 1,000 peso note debuted in 2008. Both banknotes have iconic elements in their design that make them recognizable. The 50 peso banknote features the effigy of José María Morelos y Pavón on the front, accompanied by various symbolic elements related to the national hero and the city of Morelia. On the other hand, the 1,000 peso banknote shows Miguel Hidalgo y Costilla on the front, with elements that recall the start of the struggle for Mexico's independence. The withdrawal process of the banknotes is carried out through banks, but during this transition, the banknotes retain their purchasing power and can continue to be used in commercial and exchange transactions. With these modifications, the time will soon come to say goodbye to the 50 and 1,000 peso banknotes in Mexico. Goodbye to the cowboys, they will be missed!
