Catalog
20 Pesos El Banco de Durango
| Issuer | El Banco de Durango |
|---|---|
| Year | 1891-1914 |
| Type | Log in to see details |
| Value | 20 Pesos (20 MXP) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | El Banco de Durango pagará a la vista al portador en moneda de plata Veinte Pesos (Translation: The Bank of Durango will pay the bearer with silver coins Twenty Pesos) |
| Reverse description | Printed entirely in red-brown, the reverse is covered by an intricate guilloche lattice interspersed with floral rosettes and lathe-work ornamental panels. The large numeral '20' appears at both left and right, flanking a central horizontal band bearing the bold inscription 'BANCO DE DURANGO' in serif capitals, with the printer's imprint in small type along the lower margin. A blue circular control stamp and a small adhesive fiscal stamp are applied at upper right and upper left respectively. |
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| Comments |
El Banco de Durango was one of roughly two dozen state-chartered banks authorized under Mexico's 1897 Ley General de Instituciones de Crédito, though the Durango concession predates that law — the bank was operating under an earlier state charter before federal banking legislation rationalized the system. Like most provincial Mexican banks of the period, it relied entirely on American Bank Note Company for production, which gave the note its quality but left the issuer dependent on expensive foreign contracts for every reorder.
The series ran into the Revolution. Banco de Durango notes were invalidated along with all other state bank issues following Carranza's 1916 decree abolishing the old banking system.