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20 Pesos La Tesoreria General del Estado de Oaxaca

Issuer Tesorería General del Estado de Oaxaca
Year 1915
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Value 20 Pesos
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Obverse description Green and black letterpress print over red guilloche underprint, with green serial numbers. A vignette of the head of Zapotec Princess Donají appears at left, rendered in fine intaglio style. The design reflects the revolutionary-era regional issue character of Oaxacan state currency.
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Reverse description Green and brown letterpress print with a green treasury seal. A portrait vignette of President Benito Juárez is positioned at right, complemented by the decree text setting out the note's forced circulation status within Oaxacan territory.
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Oaxaca's state treasury issued its own emergency currency in 1915 because the broader Mexican Revolution had effectively severed the state from functioning national banking infrastructure. These notes circulated under the authority of Governor José Inés Dávila, one of several regional Constitutionalist administrators who printed local scrip when federal Carrancista currency was either unavailable or distrusted by local merchants.

Oaxacan state issues from this period are frequently found with rubber-stamp cancellations applied during the 1916 demonetization sweep — uncancelled examples warrant close examination of the paper's surface.

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