Catalog
10 Pesos Fuertes Oficina de Cambios
| Issuer | Oficina de Cambios del Paraguay |
|---|---|
| Year | 1923 |
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| Value | 10 Pesos |
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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 10 DIEZ PESOS FUERTES QUE PAGARÁ CONFORME Á LA LEY Nº 463 DE 30 DE DECIEMBRE DE 1920 Y LEY Nº 550 DE 25 DE OCTUBRE DE 1923. POR LA OFICINA DE CAMBIOS (Translation: Republic of Paraguay The Nation recognizes this note for Ten Pesos Fuertes That will pay according to the Law no.463 of December 30th., 1920 and no.550 of October 25th., 1923. for the Exchange Office) |
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| Protection description | No watermark. |
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| Comments |
Paraguay's Oficina de Cambios was a government exchange office, not a central bank — a distinction that mattered considerably in the early 1920s, when the country was still operating without a formal banking institution of any kind. The Banco del Paraguay y del Río de la Plata had collapsed in 1904, and the replacement central bank wouldn't arrive until 1952. Notes like this one filled the institutional vacuum.
Three known signature combinations exist for P#150, with Moreschi as the constant — he held his position across multiple administrations. Justo Pastor Benítez, one of the co-signatories, later became a prominent diplomat and literary figure, which makes his appearance on currency a minor biographical footnote worth knowing.