50 Centavos El Estado de Chihuahua

Chihuahua's fractional paper issues of 1914–15 were a direct consequence of the near-total disappearance of metallic coin from circulation during the Revolution — competing armies, hoarding, and melting had stripped the north of specie almost entirely. The state government printed small-denomination notes simply to keep local commerce functioning.

Two American firms handled production: Maverick-Clarke in San Antonio and Norris Peters in Washington. The split between printers likely reflects supply pressure and turnaround time rather than any design distinction between runs.