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100 Pesos Comision Reguladora del Mercado de Henequen
| Issuer | Comisión Reguladora del Mercado de Henequén, Yucatan |
|---|---|
| Year | 1915 |
| Type | Local banknote |
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|---|---|
| Obverse lettering | Comision Reguladora del · Mercado de Henequen · La Tesoreria General del Estado Pagará al Portador la Cantidad de Cien Pesos con cargo a la cuenta de la Comision Reguladora del Mercado de Henequen Merida, Yuc Marzo 1º de 1915 (Translation: Henequen Market Regulatory Commission The General State Treasury will pay the bearer the amount of One Hundred Pesos charged to the account of the Henequen Market Regulatory Commission Merida, Yucatan March 1, 1915) |
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| Reverse lettering | GRAB. "GUERRA" (Translation: Engraved by "Guerra") |
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| Comments |
The Comisión Reguladora del Mercado de Henequén was not a bank — it was a state monopoly created by Salvador Alvarado's revolutionary government to control Yucatán's henequen trade at a moment when sisal fiber was in extraordinary global demand, driven almost entirely by American binder twine manufacturers. Alvarado used the Commission's revenues to fund military and civil administration, and the paper currency it issued was backed, in theory, by that fiber wealth rather than by any conventional reserve.
Having the notes printed in Santiago by the Talleres de Especies Valoradas was a practical consequence of geography and revolution: Mexico's own printing infrastructure was fractured in 1915, and Chile offered a capable, neutral facility. The engraver credit to Guerra appears in the plate margins of several South American issues from this printer's house during the same period.