1 Peso Comision Reguladora del Mercado de Henequen

The Comisión Reguladora del Mercado de Henequén was a Yucatán state body created to control the export of henequen — the agave-derived fiber that made Yucatán extraordinarily wealthy supplying cordage to North American grain harvesters. By 1914, the revolutionary chaos engulfing Mexico had collapsed normal currency supply, and the Comisión issued its own notes to keep the henequen economy functioning independently of Mexico City's authority.

Printing in Santiago rather than in Mexico was not unusual for the period — several Mexican revolutionary-era issuers contracted South American security printers when northern options were unavailable or untrusted. Talleres de Especies Valoradas had an established reputation for fiscal and revenue printing throughout Latin America.