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1 Peso Fuerte Banco del Paraguay
| Issuer | Banco del Paraguay |
|---|---|
| Year | 1882 |
| Type | Log in to see details |
| Value | 1 Peso |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | EL BANCO DEL PARAGUAY Pagará al portador Y Á LA VISTA UN PESO FUERTE en monedas de oro ó plata sellada de curso legal. ASUNCIÓN, 1ro. DE ENERO DE 1882. (Translation: The Bank of Paraguay Will pay to bearer, at sight, One Peso Fuerte in coins of gold or sealed silver, of legal tender. Asunción, January 1st., 1882.) |
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| Protection type | Watermark |
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| Comments |
The Banco del Paraguay was established in 1880 as the country's first proper banking institution, a full fifteen years after the War of the Triple Alliance had left Paraguay demographically devastated and financially insolvent. This note dates from just two years into the bank's existence, when the country was still rebuilding monetary infrastructure almost from nothing — the pre-war Paraguayan economy had operated largely without a formal banking sector at all.
ABNC's involvement guaranteed a level of engraving quality entirely out of proportion to the issuing economy's size. The "Fuerte" denomination designation distinguished these notes from devalued paper issues and signaled an intent toward hard-currency equivalence that the bank could not always back in practice.