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| 正面描述 | The obverse is printed in black on white paper within a heavily ornamented typographic border, with the text 'Republica del Paraguay' and 'LA NACION' at the top centre. A central vignette consists of a decorative frame enclosing the denomination 'UN PESO FUERTE' in large bold letters, flanked by the word 'PESO' on either side. The text references the Caja de Conversión as the issuing authority, with signature lines for 'El Tesorero' and 'El Presidente', and the date and place of issue 'ASUNCION 15 MARZO 1874' along the lower border. |
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| 正面铭文 | REPUBLICA DEL PARAGUAY LA NACION UN PESO FUERTE RECONOCE ESTE BILLETE POR QUE SERA CONVERTIDO AL PORTADOR Y A LA VISTA EN METALICO EL TESORERO EL PRESIDENTE POR LA CAJA DE CONVERSION ASUNCION 15 MARZO 1874 LEY 5 DE ENERO 1874 DECRETO MARZO 1874 |
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Paraguay's Caja de Conversión was established in the aftermath of the War of the Triple Alliance, which ended in 1870 and left the country demographically devastated and economically hollowed out. This 1 Peso Fuerte belongs to the earliest postwar paper money issued by that institution — a government body created specifically to manage currency in a country that had lost the majority of its adult male population and most of its productive capacity.
Printed locally in Asunción rather than contracted to a European security printer, which was the norm for most Latin American issues of the period. The decision reflects both limited state finances and the difficulty of maintaining normal commercial relationships in the immediate reconstruction years.