Catalog
100 Pesos Fuertes Caja de Conversión
| Issuer | Caja de Conversión de Paraguay |
|---|---|
| Year | 1907 |
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| Shape | Rectangular |
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|---|---|
| Obverse lettering | 100 REPUBLICA DEL PARAGUAY LA NACION RECONOCE ESTE BILLETE POR CIEN PESOS FUERTES QUE PAGARA CONFORME A LA LEY de 26 DE DECIEMBRE DE 1907. (Translation: Republic of Paraguay The Nation Recognizes this Banknote by One Hundred Pesos Fuertes that you will pay in accordance with Law of December 26th., 1907.) |
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| Protection type | Watermark |
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| Comments |
Paraguay's Caja de Conversión was established in 1907 specifically to stabilize a currency that had been in freefall since the Liberal-Colorado civil war of 1904. The institution was designed as a convertibility board — pesos fuertes were supposed to be backed by metallic reserves — though in practice the arrangement proved difficult to maintain.
Three different signature combinations are documented for this type, reflecting successive changes in the board's administration within a relatively short window. That kind of turnover is worth noting when attributing a specific example to a particular period of issue.