1,25 Pesos Fuertes

The Banco del Paraguay y Río de La Plata was a short-lived institution — chartered in the late 1880s during a period of speculative banking expansion in the Río de la Plata region that ended badly for most participants. The bank collapsed well before Paraguay's catastrophic 1890s monetary crisis fully took hold, meaning notes of this series had an extremely narrow window of legitimate circulation.

The 1,25 peso fuerte denomination is an odd one, reflecting the fractional currency demands of retail trade rather than any standard banking convention. ABNC produced the plates in New York; the denomination itself suggests local commercial input into the printing order.