Regulatory Alerts2025-03-20 | Circular 4/2025Added
Circular 4/2025 — Modifications to Circular 8/2023 (Circulation of Banknotes and Metallic Coins)
The Bank of Mexico modifies Circular 8/2023 to restrict the general notification mechanism to only those provisions related to the circulation of new banknotes and metallic coins, thereby preventing the premature dissemination of images of unreleased currency. Credit institutions are required to provide one institutional email address and between three and ten personal email addresses for staff to receive these specific circulars, updating any changes within three banking days. The document updates Article 1, Article 2, Article 4, and Annexes 1 and 2 of the original circular, establishing that notifications are legally effective upon sending to these registered addresses or upon publication on the Bank's website if information is missing. These modifications entered into force the day after their publication in the Official Gazette on March 25, 2025.
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