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20 Pesos Comisión Reguladora del Mercado de Henequén
| Issuer | Comisión Reguladora del Mercado de Henequén |
|---|---|
| Year | 1914-1915 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
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| Engraver(s) | Log in to see details |
| In circulation to | Yes |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | COMISION REGULADORA DEL MERCADO DE HENEQUEN. SERIE C Mérida (Jue) Noviembre 20 de 1914. LA TESORERÍA GENERAL DEL ESTADO PAGARÁ AL PORTADOR LA CANTIDAD DE VEINTE PESOS CON CARGO A LA CUENTA DE LA Comisión Reguladora del Mercado de Henequén. Nº [serial number in red] XX VEINTE PESOS TALLERES DE FOT. Y FOTOGRABADO "GUERRA" 20 [in each corner] (Translation: REGULATORY COMMISSION OF THE HENEQUEN MARKET SERIES C Mérida (Thu) November 20, 1914. THE GENERAL TREASURY OF THE STATE WILL PAY THE BEARER THE QUANTITY OF TWENTY PESOS WITH CHARGE TO THE ACCOUNT OF THE Regulatory Commission of the Henequen Market. No. TWENTY PESOS "Guerra" Photography and Photoengraving Studio 20 [in each corner]) |
| Reverse description | Log in to see details |
| Reverse lettering | VEINTE PESOS [repeated six times around border] 20 [in each corner] Oval red seal at center right: COMISION REGULADORA [across top arc] VEINTE PESOS [across bottom arc] (Translation: TWENTY PESOS [repeated six times around border] 20 [in each corner] Oval red seal: REGULATORY COMMISSION [across top arc] TWENTY PESOS [across bottom arc]) |
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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 fiber trade and, critically, break the stranglehold of the International Harvester Company over sisal exports. These notes were essentially backed by fiber inventory rather than gold or federal reserves, issued at a moment when Yucatán was functionally cut off from Mexico City's banking infrastructure during the Constitutionalist upheaval.
Printing locally at the Guerra photographic workshop meant quality varied considerably across the run. The watermark is the primary security element — a thin defense for a note whose authority rested more on Alvarado's military control of the peninsula than on any formal monetary guarantee.