1 Peso El Banco Peninsular Mexicano

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.