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100 Pesos Moneda Nacional - 10 Pesos Oro
| Issuer | Banco de la República del Paraguay |
|---|---|
| Year | 1907 |
| Type | Standard circulation banknote |
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| Composition | Log in to see details |
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|---|---|
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| Reverse description | Dark blue. The national Coat of Arms occupies the center, encircled by the country name as a curved legend. The face value appears in numerals and lettering on both lateral panels, with the denomination also spelled out in full below the arms. |
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| Protection description | No watermark. |
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| Comments |
Paraguay's monetary system in the early twentieth century was still recovering from the catastrophic losses of the War of the Triple Alliance (1864–1870), which had wiped out roughly half the country's population and left its financial institutions in ruins. The Banco de la República del Paraguay was established in 1906 as part of a broader stabilization effort, and this note — issued in its first full year of operation — reflects the dual-denomination convention then used to bridge the debased moneda nacional against a gold-pegged reference value.
Waterlow & Sons had by 1907 built a substantial portfolio of South American banking contracts. The watermark security on this issue was, by contemporary standards, modest — consistent with what the nascent institution could commission rather than what the threat environment demanded.