1/2 Real Boliviano

Banco de Victoria was one of a cluster of short-lived regional institutions that briefly operated in Yucatán during Mexico's turbulent experiment with state-chartered private banking in the 1870s. The fractional denomination — half a real boliviano — reflects the monetary confusion of the period, when Yucatán's commercial economy still operated partly on the old Spanish colonial real system even as republican currency reforms were nominally in force federally.

Printed locally by Alf. Israde in Mérida rather than sent abroad to established security printers, which was unusual even for minor provincial issues of this era and raises questions about the note's technical security features.