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5 Pesos El Banco de Durango

Issuer El Banco de Durango
Year 1914
Type Standard circulation banknote
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Obverse description Black letterpress on yellow and brown underprint with red serial numbers. To the left, a large allegorical vignette presents a seated female figure holding a plow and a caduceus, flanked by a beehive, a sheaf of wheat, and a sickle — emblematic of agriculture and commerce. Upper right carries a female bust in tiara above the national coat of arms of Mexico.
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Reverse description Printed in brown with green seals, the reverse is centrally occupied by the national coat of arms of Mexico, rendered in an engraved style with the characteristic eagle perched on a cactus devouring a serpent, encircled by the issuing bank's name.
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El Banco de Durango was one of the regional banks operating under the 1897 Ley General de Instituciones de Crédito, which gave state-chartered banks the right to issue currency alongside the larger nacional institutions. By 1914, that system had effectively collapsed — the Revolution had fragmented monetary authority, and regional bank notes were being refused, hoarded, or counterfeited across the country. A 1914-dated Durango issue was circulating in a state that had seen significant Villista activity, which created practical problems for any paper currency not backed by force of arms.

Bouligny & Schmidt were among the more active commercial printers supplying Mexican banking clients in the Porfirian period. Their involvement here is a reminder that Mexico's pre-revolutionary banking notes were domestically produced, not sent abroad to Bradbury Wilkinson or American Bank Note as the larger federal issues often were.