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About 14 different countries use 'Peso' as their unit of currency and the value would depend on the age and condition, so this question is impossible to answer accurately. The 'Mil' in the value just means 1000.

If the note is from Mexico and from about 1985, then a mint condition note would be worth $2 to a banknote collector. A modern, 2002 or later, Mexican 1000 Peso note in any condition is worth $78 in any bank.

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Q: What does a 1000 mil pesos look like?
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