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1 Peso Ejército Constitucionalista de México

Issuer Ejército Constitucionalista de México
Year 1914
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Value 1 Peso
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Obverse lettering Ejército Constitucionalista de México Vale por 1 Peso Primer Jefe Ejercito Constitucionalista de Mexico Que la Tesorería recibirá y pagará de acuerdo con el decreto de 12 de Febrero de 1914 Chihuahua, 30 de Marzo de 1914
(Translation: Constitutionalist Army of Mexico Voucher for 1 Peso First Chief Constitutionalist Army of Mexico That the Treasury will receive and pay in accordance with the decree of February 12, 1914 Chihuahua, March 30, 1914)
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Reverse lettering Este billete circulara de acuerdo con el decreto de 12 de Febrero de 1914
(Translation: This bill will circulate in accordance with the decree of February 12, 1914)
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Comments

The Ejército Constitucionalista — Venustiano Carranza's constitutionalist forces — issued a flood of emergency paper during 1913–1915 as the revolutionary factions each printed their own currency to fund operations and deny resources to rivals. These notes circulated in a monetary environment of almost total chaos: Villista pesos, Zapatista notes, and Huertista federal currency all competed simultaneously, with exchange rates shifting by the week and merchants frequently refusing all of them.

P#S523 belongs to a series notorious for widespread contemporary counterfeiting, which the Carranza administration itself acknowledged in subsequent circulars.

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