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20 Pesos El Banco del Estado de Chihuahua

Issuer El Banco del Estado de Chihuahua
Year 1913
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Composition Paper
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Obverse description Central intaglio-printed vignette of a horse-drawn grain harvest in progress, with workers and multiple horses pulling agricultural machinery across an open field. Large ornate guilloche numerals '20' flank the vignette on both left and right, with intricate lathe-work borders and a multicolour underprint in purple and brown. The bank title 'EL BANCO DEL ESTADO DE CHIHUAHUA' appears in bold lettering across the top, with the denomination 'VEINTE PESOS VALOR ORO NACIONAL' in a decorative panel at the foot, and three signature lines labelled INTERVENTOR DEL GOBIERNO, CAJERO, and GERENTE below.
Obverse lettering 20 SERIE A EL BANCO DEL ESTADO DE CHIHUAHUA SERIE A PAGARA AL PORTADOR EN EFECTIVO SEGUN DECRETO DEL 12 DE DICIEMBRE DE MIL NOVECIENTOS TRECE. CHIHUAHUA, MEXICO. VEINTE PESOS VALOR ORO NACIONAL. INTERVENTOR DEL GOBIERNO. CAJERO. GERENTE. AMERICAN BANK NOTE COMPANY, NEW YORK.
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Comments

El Banco del Estado de Chihuahua was a state bank operating under the Porfirian banking system, but by 1913 that system was effectively finished. The Revolution had fractured federal authority, and Chihuahua was Villista territory — Pancho Villa's División del Norte controlled the region and had every incentive to keep paper money circulating to fund operations. Notes from this bank issued in 1913 were caught directly in that transition, used alongside a proliferating mass of revolutionary scrip of wildly uneven backing.

The American Bank Note Company plate work predates the political collapse — ABNC had printed for the bank under calmer conditions.

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