50 Pesos El Banco del Estado de Chihuahua

El Banco del Estado de Chihuahua was a state institution operating under the Porfirian banking framework, but by 1913 that framework was collapsing entirely. The Revolution had already brought Chihuahua into Villista hands, and banking operations across the north were being improvised, suspended, or outright seized. Notes issued in this period circulated under conditions that made redemption a theoretical rather than practical promise.

ABNC's involvement is consistent with the broader Mexican state banking practice of commissioning prestige printing from New York regardless of local political stability — the plates often outlasted the governments that ordered them.