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100 Pesos Fuertes Administración de la Deuda Pública

Issuer Administración de la Deuda Pública del Paraguay
Year 1899
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Shape Rectangular
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Reverse description Printed in red throughout, the reverse is dominated by an elaborate guilloche framework enclosing three principal elements: at left, the Paraguayan Coat of Arms set within a circular guilloche medallion bearing the legend REPÚBLICA DEL PARAGUAY; at center, an intaglio bust of an allegorical female figure wearing an oak-leaf crown, mounted on a decorative pedestal; and at right, the numeral 100 within a further guilloche roundel. The denomination 100 is also repeated in plain numerals at the bottom center, with the printer's imprint AMERICAN BANK NOTE COMPANY, NEW YORK along the lower margin.
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Protection type Watermark
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Comments

Paraguay's public finances in the late 1890s were still laboring under the weight of the Triple Alliance War's aftermath — a conflict that had killed the majority of the country's adult male population and left the treasury dependent on foreign creditors for decades. The Administración de la Deuda Pública issued these notes as instruments of domestic debt management rather than conventional currency, a distinction that mattered legally even if the notes circulated as cash in practice.

The American Bank Note Company held a near-monopoly on South American government printing work at this period, and the Paraguay account was no exception. The watermark security on a note of this type was modest by ABNCo standards.

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