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1 Real Fuerte Tesorería General

Issuer Tesorería General de la República del Paraguay
Year 1871
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Currency Peso (1856-1944)
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Obverse description Letterpress print in black on plain paper. The Coat of Arms of Paraguay is set within a circular vignette at center left, surrounded by a guilloche border incorporating repeated denomination numerals and the word 'UNO' in a decorative frame. The main text panel at right carries the issuing authority legend and obligation clause, with the serial number printed vertically along the left margin and in the upper portion of the note. Two signature lines for the Ministro de Hacienda and the Tesorero appear at the foot of the text panel.
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Protection type Watermark
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Comments

Issued in 1871, this note belongs to the immediate post-war period — the Tesorería General was reconstituted after the catastrophic War of the Triple Alliance (1864–1870), which had reduced Paraguay's male population by an estimated 60–70%. The country had virtually no functioning economy and no external credit. These notes were printed domestically in Asunción under severely constrained conditions, which is evident in their production quality.

The watermark is notable for a state-printed wartime-recovery issue — a security measure that suggests some institutional intent toward monetary stability, even as the republic was effectively under occupation by Brazilian forces.