2 Pesos El Banco de Londres y Mexico

El Banco de Londres y México was the oldest commercial bank operating in Mexico at the time this note was issued — founded in 1864 under a British concession, it survived the Díaz years but was overtaken by events almost immediately after 1914. Huerta had just fled, the Constitutionalist forces were closing on Mexico City, and the entire private banking system was functionally collapsing under competing revolutionary currencies and forced loans.

Bouligny & Schmidt were a Mexico City-based firm, which makes this a domestically produced note — unusual for a bank that had historically leaned on foreign printers. By late 1914, most Banco de Londres notes were being refused or heavily discounted in commerce as Carranza's government moved to displace all pre-revolutionary paper.