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500 Pesos El Banco del Estado de Chihuahua
| Issuer | El Banco del Estado de Chihuahua |
|---|---|
| Year | 1913 |
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| Value | Log in to see details |
| Currency | Peso (1913-1915) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | El Banco Del Estado De Chihuahua Pagara al portador en efectivo segun decreto del 12 de diciembre de mil novecientos trece. Quinientos Pesos Valor oro nacional (Translation: The State Bank of Chihuahua will pay the bearer in cash according to the decree of December 12, one thousand nine hundred and thirteen. 500 Pesos National gold value) |
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| Reverse lettering | Banco Del Estado De Chihuahua (Translation: State Bank of Chihuahua) |
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| Comments |
El Banco del Estado de Chihuahua was Pancho Villa's bank — formally established under his military governorship in late 1913 to fund the División del Norte. This 500 Peso note is among the higher denominations of that issue, printed by the American Bank Note Company in New York, a somewhat remarkable arrangement given that Villa was simultaneously at war with a federal government that maintained at least nominal diplomatic standing with the United States.
The notes were widely counterfeited and their acceptance fluctuated sharply with Villa's military fortunes. By 1915, after his defeat at Celaya, Chihuahua-issue currency collapsed in value almost overnight.