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1 Peso La Tesoreria General del Estado de Oaxaca

Issuer Tesorería General del Estado de Oaxaca
Year 1915
Type Local banknote
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Obverse lettering La tesoreria General del ESTADO DE OAXACA Pagara UN PESO al portador en efectivo OAXACA DE JUAREZ, 24 DE FEBRERO DE 1915
(Translation: The General Treasury of the State of Oaxaca will pay One Peso to the bearer in cash Oaxaca de Juarez, 24 February 1915)
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Reverse lettering Este título de crédito es de circu- lación forzosa, y tiene poder liber- atorio ilimitado dentro del terri- torio del Estado de Oaxaca. Decreto número 2 del 19 de Febrero de 1915
(Translation: This Credit Title is of forced circulation and has unlimited releasing power within the territory of the State of Oaxaca. Decree number 2 of 19 February 1915.)
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Comments

Oaxaca's state treasury issued a flood of fractional and peso-denomination notes in 1915 as the Constitutionalist-Carrancista conflict with the Soberanistas fractured the country's money supply beyond any central coordination. The Tesorería General del Estado operated under Governor José Inés Dávila, whose administration issued these notes partly to pay state employees and troops loyal to the local government rather than to Carranza's forces sweeping through the region.

Survival rates vary sharply within the S953 series — notes that circulated in the Oaxacan interior were often refused or discounted outside the state, meaning many came back quickly and show heavy use, while others were effectively stranded in remote districts and surface today in surprisingly unhandled condition.

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