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1 Peso El Banco Peninsular Mexicano
| Issuer | El Banco Peninsular Mexicano |
|---|---|
| Year | 1913 |
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| Value | Log in to see details |
| Currency | Peso (1863-1992) |
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| Obverse description | Black letterpress on orange underprint; red serial number at upper left. A female figure in period dress appears as a vignette at left, balanced by a sailing ship vignette at right. The face of the note carries the full text of the payment obligation in Spanish. |
|---|---|
| Obverse lettering | Log in to see details |
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| Reverse lettering | Banco Peninsular Mexicano S.A. |
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| Comments |
El Banco Peninsular Mexicano was one of the regional concession banks operating under the 1897 Ley General de Instituciones de Crédito, which granted state-chartered institutions the right to issue notes redeemable in specie. By 1913, that framework was collapsing. The Revolution had fractured both political authority and monetary confidence, and many regional banks were struggling to maintain the specie reserves their charters legally required.
The Peninsular operated out of Mérida, serving a Yucatán economy still heavily tied to henequen export revenues — which gave it slightly more insulation than banks in the interior, but not indefinitely. Nationalization and forced consolidation came within a few years.