1 Peso La Tesoreria General del Estado de Oaxaca

Oaxaca's state treasury began issuing its own paper money in 1915 after the collapse of centralized monetary authority during the Revolution left the region effectively cut off from functioning federal currency. These notes circulated under the authority of Governor José Inés Dávila, whose administration printed several denominations to meet local payroll and commercial needs. The Tesorería General series is distinct from the better-known Oaxacan "Soberanos" issued slightly earlier under the sovereignty movement.

Counterfeiting was a serious problem with virtually all Mexican state and municipal paper of this period, and Oaxacan treasury notes were no exception — contemporary accounts reference multiple fraudulent versions in circulation within months of issue.