1.25 Pesos Fuertes Banco del Paraguay y Rio de la Plata

The Banco del Paraguay y Rio de la Plata was a private commercial bank operating under concession during Paraguay's difficult post-war reconstruction period — the country had lost a catastrophic share of its adult male population in the War of the Triple Alliance, and the 1880s saw repeated attempts to stabilize a shattered economy through private banking charters. The 1.25 Pesos Fuertes denomination is an odd one, almost certainly reflecting a deliberate fractional peg to a specific exchange rate or redemption schedule rather than convenience in daily commerce.

ABNC produced the plates in New York, as they did for dozens of Latin American issuers in this period. The bank itself collapsed well before Paraguay moved to nationalized currency, making late-dated or unissued remainder stock the primary source of surviving examples.