Today, Mexico’s peso is suffering the ill effects of Donald Trump’s election and continued bashing of the United States’ south-of-the-border neighbor.
But the Mexican Treasury has a history of enduring and bumpy times. Probably the longest and roughest of times for the nation’s treasury was during the republic’s long and chaotic 1910-1924 Revolution. During this time, just about anyone with sufficient boldness and a printing press or blacksmith’s equipment could turn out currency and specie at will. The Treasury’s credibility and jurisdiction were constantly under threat.