25 Centavos Tesorería General del Estado

The Tesorería General del Estado de Chihuahua issued this note during one of the most turbulent stretches of the Mexican Revolution, when Chihuahua functioned as the operational and financial base for Villista forces. The state treasury was printing its own fractional currency because federal money had effectively ceased to function across large parts of northern Mexico — commercial confidence in Mexico City–issued paper had collapsed entirely.

Printed locally by the Imprenta del Gobierno, these small-denomination notes were essentially emergency scrip, designed to keep local commerce moving when coin had disappeared from circulation through hoarding. Fractional issues from this period are among the most frequently counterfeited of all Mexican Revolutionary notes, and contemporary fakes exist in the series.