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100 Pesos Fuertes Oficina de Cambios

Issuer Oficina de Cambios del Paraguay
Year 1920
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Printer American Bank Note Company, New York, United States
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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 Nº 463 DE 30 DE DECIEMBRE DE 1920. POR LA OFICINA DE CAMBIOS
(Translation: Republic of Paraguay The Nation Recognizes this Banknote by One Hundred Pesos Fuertes that you will pay in accordance with Law no. 463 of December 30, 1920. for the Exchange Office)
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Reverse lettering REPUBLICA DEL PARAGUAY 100
(Translation: Republic of Paraguay 100)
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Comments

Paraguay's Oficina de Cambios — literally an exchange office rather than a central bank — operated as a state currency intermediary during a period when the country was still rebuilding monetary infrastructure decades after the catastrophic losses of the War of the Triple Alliance. The ABNC plates for this series were used across multiple signature combinations, meaning the same printed sheet could carry the names of different officials depending on when it was countersigned, which accounts for the three known signature pairings on P#146.

Riart, one of the signatories, later served as Foreign Minister during the Chaco War negotiations — an incidental connection, but it helps date the signing window with some precision.

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