20 Pesos El Estado de Chihuahua

Chihuahua was one of the few Mexican states with sufficient administrative infrastructure to sustain its own currency during the Revolution, and by 1915 it had been doing so for several years under Villista control. The Norris Peters Co. in Washington was a competent commercial lithographer that handled government contract work — their name appears on several revolutionary-era Mexican issues, though they were printers for hire, not specialists in security printing.

1915 was the year Villa's military fortunes began to collapse. Notes from this late Chihuahua series circulated under increasingly chaotic conditions and were frequently refused at par outside Villista-controlled territory.