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1 Peso Fuerte Oficina de Cambios
| Issuer | Oficina de Cambios del Paraguay |
|---|---|
| Year | 1916 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Printer | American Bank Note Company, New York, United States |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Printed in orange. The central motif is the Coat of Arms of the Republic of Paraguay set within a circular medallion, with the country name inscribed around its perimeter. The face value numeral appears on both lateral sides of the central image. |
| Reverse lettering | 1 REPÚBLICA DEL • PARAGUAY • (Translation: 1 Republic of Paraguay) |
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| Comments |
The Oficina de Cambios — Paraguay's exchange office rather than a full central bank — issued this series as a stopgap instrument during a prolonged period of monetary instability following the Chaco boundary disputes and the country's chronic difficulty attracting foreign capital. ABNC printed the notes in New York, which was standard practice for Paraguay at the time; the country lacked any domestic printing infrastructure capable of producing secure currency.
Four distinct signature combinations are documented for P#138, reflecting successive administrations of the Oficina rather than separate print runs — the plates were not changed. Zubizarreta's signature appears on all four pairings as the constant counter-signatory.