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1 Peso Ejército Constitucionalista de México

Issuer Ejército Constitucionalista de México
Year 1914
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Size 160 x 75 mm
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Obverse description Black letterpress on pink underprint; a central vignette of the Mexican national eagle perched on a cactus with a serpent in its beak, set against Lake Texcoco with Popocatépetl and Ixtaccíhuatl in the background. Black serial number at upper corners; text panel carries decree and date inscriptions.
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Reverse lettering ESTE BILLETE CIRCULARA DE ACUERDO CON EL DECRETO DE 12 DE FEBRERO DE 1914
(Translation: This bill will circulate in accordance with the decree of February 12, 1914)
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Comments

The Ejército Constitucionalista — Venustiano Carranza's constitutionalist forces — issued a flood of paper currency during 1913–1915 as the faction fought to unseat Victoriano Huerta's regime. These notes were essentially war scrip, printed under field conditions by regional commanders with varying degrees of authorization from Carranza's own treasury apparatus, which meant quality, backing, and acceptance varied wildly from state to state.

Counterfeiting was rampant, and Carranza himself later repudiated enormous quantities of revolutionary-era paper during the 1916 currency consolidation, leaving holders with worthless stock.

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