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100 Pesos Fuertes Oficina de Cambios

Issuer Oficina de Cambios del Paraguay
Year 1923
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Size 165 × 90 mm
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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 Y LEI Nº 550 DE 25 DE OCTUBRE DE 1923. 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 and Law no. 550 of October 25, 1923 for the Exchange Office)
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Signature(s) Mariano B. Moreschi & Rodolfo González
Mariano B. Moreschi & Alfredo Jacquet
Mariano B. Moreschi & Pablo M. Insfrán
Mariano B. Moreschi & Enrique Bordenave
Mariano B. Moreschi & Justo Pastor Benítez
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Comments

The Oficina de Cambios — Paraguay's exchange office rather than a central bank — was the issuing authority here, a distinction that reflects how underdeveloped the country's formal banking infrastructure remained into the 1920s. Five different signature combinations are recorded for this single type, all sharing Mariano B. Moreschi in one position, suggesting a stable senior official working alongside a rotating cast of junior signatories — likely reflecting staff turnover or overlapping terms across the note's circulation life.

Justo Pastor Benítez, one of the countersigning officials, was a significant Paraguayan intellectual and diplomat who later became a prominent biographer of José Gaspar Rodríguez de Francia.

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