Catalog
1 Peso Fuerte Caja de Conversión
| Issuer | Caja de Conversión del Paraguay |
|---|---|
| Year | 1907 |
| Type | Log in to see details |
| Value | 1 Peso |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | REPÚBLICA DEL PARAGUAY LA NACION RECONOCE ESTE BILLETE POR UN PESO FUERTE QUE PAGARÁ CONFORME Á LA LEY DE 26 DE DECIEMBRE DE 1907. (Translation: Republic of Paraguay The Nation recognizes this note for One Peso Fuerte That will pay according to the Law of December 26th., 1907.) |
| Reverse description | Printed in orange; the central motif is the Coat of Arms of the Republic of Paraguay set within a circular medallion, surrounded by the country name in a curved legend. The face value numeral "1" appears on both lateral sides of the central medallion. The composition is restrained and typical of the period's single-color reverse treatments. |
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| Comments |
Paraguay's Caja de Conversión was established in 1907 specifically to stabilize the peso fuerte after decades of inflationary chaos following the catastrophic War of the Triple Alliance, which had effectively destroyed the country's financial infrastructure and killed a significant portion of its population. The conversion board's notes were intended to be fully backed by gold and foreign exchange — a hard discipline the institution struggled to maintain almost from the start.
ABNC's engraving work on this series is typically fine, but the real interest lies in the issuer's brief operational window before monetary pressures eroded the convertibility guarantee it was founded to uphold.