Currency of the Bank of Montreal

M2156a, from the San Dimas Collection

This bank was actually headquartered in Canada with branches in Mexico.

1915 peso

The chaos of the Revolution led to recurring currency shortages is various regions as normal trade was blocked. The central authorities (i.e., Carranza) would generally refuse to permit the issue of local currency. To get around this, banks or businesses (in this case, the bank of Montreal and the Cia de Real del Monte y Pachuca) would print checks which were intended to circulate until the crisis passed. This series from February-June 1915 is known in denominations from one peso to twenty pesos, of which this is the only one that is common.

Catalog reference: Frampton M2156a.

Sources:

• Frampton, Cory, Duane Douglas, Alberto Hidalgo and Elmer Powell, Mexican Paper Money, 2010 Edition, Carefree, AZ: Mexican Coin Co., 2010.

Link to:

• return to Currency of the Mexican Revolution, 1910-1920
• return to World Banknotes
• Coins and currency dated 1915