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2 Pesos Fuertes Banco del Paraguay

Issuer El Banco del Paraguay
Year 1882
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Size 145 × 70 mm
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Obverse description Black intaglio on green guilloche underprint. A central oval vignette presents a steam locomotive hauling a long passenger train across an open landscape, rendered in fine engraved detail. The bank title "EL BANCO DEL PARAGUAY" arches across the top in bold letterpress, with the denomination numeral "2" repeated in all four corners against ornate rosette groundwork, and the date "1ro. de Enero de 1882" printed in the lower right; signature lines for Inspector and Director appear at the bottom, with the imprint of the American Bank Note Co. New York along the lower border.
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Protection type Watermark
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El Banco del Paraguay was established in 1871, making it the country's first bank — a joint-stock institution chartered just six years after the catastrophic War of the Triple Alliance had reduced Paraguay's male population by an estimated sixty percent and left the national economy in ruins. The 1882 date places this note in the bank's early operating years, when circulating paper currency of any kind was a fragile novelty in Asunción.

ABNC's involvement was typical for Latin American issuers of the period seeking credibility through an internationally recognized printer. The watermark is the sole security measure — modest, but not unusual for a low-denomination note from a bank operating in a still-recovering economy with limited counterfeiting infrastructure to worry about.

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