Catalog
1.000 Pesos
| Issuer | El Banco de la República |
|---|---|
| Year | 1907 |
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| Reference(s) | P#160 |
| Obverse description | The obverse is dominated by a central allegorical vignette of two classical figures flanking a seated female allegory, set within an elaborate guilloche border. The heading reads REPÚBLICA DEL PARAGUAY at top, with EL BANCO DE LA REPÚBLICA in large script across the upper portion, and MIL PESOS in large bold lettering at centre. Denomination numerals 1000 appear in each corner, with MIL repeated vertically along the left and right margins, and a note in small text references conformity with the law of 26 December 1907. |
|---|---|
| Obverse lettering | REPÚBLICA DEL PARAGUAY EL BANCO DE LA REPÚBLICA PAGARÁ AL PORTADOR Y A LA VISTA MIL PESOS MONEDA NACIONAL Ó CIEN PESOS ORO CONFORME A LA LEY DE 26 DE DICIEMBRE DE 1907 NÚMERO SERIE EL INSPECTOR EL DIRECTOR 1000 MIL |
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| Comments |
El Banco de la República was Colombia's official state bank from 1881 until its liquidation in 1904 — which makes a 1907 issue under that name an immediate puzzle. By 1907, the bank had been formally wound down following the catastrophic monetary inflation of the Thousand Days War, during which it had printed paper pesos with almost no metallic backing. Notes bearing this issuer name after 1904 were almost certainly issued as part of the post-war debt settlement or redemption process, not as active circulating currency.
Lithografía P. Bouchard was an active commercial printing house in Buenos Aires, not a specialized security printer. That choice signals fiscal pragmatism rather than anti-counterfeiting ambition.