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2 Pesos El Banco Nacional de México
| Issuer | El Banco Nacional de México |
|---|---|
| Year | 1913 |
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| Composition | Log in to see details |
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| Shape | Rectangular |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | EL BANCO NACIONAL DE MEXICO MEXICO, 6 DE DICIEMBRE DE 1913 PAGARA DOS PESOS A LA VISTA AL PORTADOR EN EFECTIVO CONSEJERO CAJERO INTERVENTOR DEL GOBIERNO Compañia Americana de Billetes de Banco Nueva York SERIE DOS |
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| Reverse lettering | BANCO NACIONAL 2 |
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| Comments |
El Banco Nacional de México was one of two privileged banks of issue under the Porfirian banking regime, and by 1913 that entire system was in its final collapse. Victoriano Huerta had just seized power in February, and the revolution was dismantling institutional finance from the outside while factional politics corroded it from within. Notes from this period were issued against increasingly uncertain reserves.
The American Bank Note Company printed the series in New York — a long-standing arrangement with Banamex that predated the revolution by decades. ABNC's intaglio work on Mexican commercial bank issues of this period is consistently high quality, which makes the political chaos surrounding the note's circulation all the more ironic.