Paraguay's 1939 coinage was produced under the presidency of Félix Paiva during the country's difficult recovery from the Chaco War, which had ended in 1935 after three years of brutal fighting against Bolivia and left the national treasury severely depleted. Foreign minting contracts from this period were handled by the Casa de Moneda in Buenos Aires, as Paraguay lacked its own mint facility.
Paraguay's 1939 coinage was produced under the presidency of Félix Paiva during the country's difficult recovery from the Chaco War, which had ended in 1935 after three years of brutal fighting against Bolivia and left the national treasury severely depleted. Foreign minting contracts from this period were handled by the Casa de Moneda in Buenos Aires, as Paraguay lacked its own mint facility.