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10 Pesos Moneda Nacional - 1 Peso Oro

Issuer Banco de la República del Paraguay
Year 1907
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Size 155 × 75 mm
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Reverse description Printed in green, the reverse is dominated by the Paraguayan Coat of Arms at center, set within an intricate guilloche pattern that fills the entire field. The face value appears in both letters and numerals on the lateral panels and in lettering below the arms.
Reverse lettering REPÚBLICA DEL PARAGUAY DIEZ 10 PESOS
(Translation: Republic of Paraguay Ten Pesos)
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Comments

The Banco de la República del Paraguay was itself a short-lived institution, operating only from 1906 until it was superseded by the Banco del Paraguay in 1916. This note belongs to the bank's founding issue, printed by Waterlow & Sons in London and released at a moment when Paraguay was still rebuilding its monetary infrastructure after decades of post-war economic fragility following the catastrophic War of the Triple Alliance.

The dual denomination — 10 Pesos Moneda Nacional equated to 1 Peso Oro — reflects the awkward coexistence of depreciated paper currency and a gold-based accounting unit that Paraguay never fully succeeded in stabilizing during this period.