Mexico’s beloved axolotl banknote is too beautiful to spend: millions hoarded as conservation symbol

A museum axolotl named Gorda has achieved unexpected fame as the star of Mexico’s most coveted banknote, creating an unusual economic phenomenon that highlights the cultural significance of this critically endangered amphibian. The striking 50-peso note, featuring Gorda as a representative of Mexico’s iconic axolotl species, has become so popular that nearly 13 million people are keeping the bills as collectibles rather than spending them, effectively removing millions of dollars from active circulation.

Since entering circulation in 2021, the innovative banknote has garnered international acclaim, earning recognition as “Note of the Year” from the International Bank Notes Society. The award-winning design showcases the axolotl’s distinctive features against vibrant colors, celebrating one of Mexico’s most unique native species while raising awareness about its conservation status.

The axolotl, sometimes called the “Mexican walking fish” despite being an amphibian, exists in the wild only in Mexico City’s ancient lake system of Xochimilco. Once abundant in these waters, wild axolotl populations have declined dramatically due to urbanization, pollution, and habitat destruction, making them critically endangered. The species has become a powerful symbol of Mexico’s environmental heritage and the urgent need for conservation action.

This widespread hoarding of the axolotl banknote reflects Mexicans’ deep connection to their natural heritage and demonstrates how creative currency design can spark public interest in environmental conservation. While the hoarding creates minor economic complications, it also serves as an ongoing reminder of the importance of protecting Mexico’s unique biodiversity for future generations.