How a Mexican throwback currency made the government nervous

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Fusion

MEXICO CITY — “We Accept Túmin,” reads a sign posted in an organic coffee shop in the trendy neighborhood of Colonia Roma. Shop owner Zyntya Ponce Nava says her decision to take payments in the alternative currency is not an act of rebellion against the Mexican peso, rather “a way to help the community.”

It’s a sentiment that’s echoed by others who have adopted the Mexican alternative tender, of which there’s only some $15,400 worth circulating in the country on bills of 1, 5, 10, and 20.

[img attachment=”173597″ caption=””We accept tumin,” says Zyntya. ” credit=”Emilio Espejel and Ernesto Alvarez” size=”large” align=”alignnone” linkto=”none” alt=””We”]

Túmin is named after and partially inspired by ancient indigenous money practices. It was started as a university project in the eastern state of Veracruz in 2010 in an effort to promote local trade and protect small businesses from recurring recessions. Upon expanding beyond the walls of the…

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