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2 Pesos Fuertes Banco del Paraguay y Rio de la Plata

Issuer Banco del Paraguay y Rio de la Plata
Year 1889
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Printer American Bank Note Company, New York, United States
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Obverse description Black intaglio on green guilloche underprint. Portrait vignette of H. Ponzini at left, a cherub vignette at center left, and the Paraguayan Coat of Arms at right. The note carries the full text of the authorizing law of June 25, 1889, with the issue date of December 26, 1889 at Asunción.
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Reverse lettering BANCO DEL PARAGUAY Y RIO DE LA PLATA DOS PESOS FUERTES 2
(Translation: Bank of Paraguay and Silver River Two Pesos Fuertes.)
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Comments

The Banco del Paraguay y Rio de la Plata was a private commercial bank operating under concession during Paraguay's post-war reconstruction period — the country had lost the majority of its adult male population in the War of the Triple Alliance, which ended in 1870, and was still rebuilding viable financial institutions nearly two decades later. The bank held note-issuing privileges alongside the Banco Nacional, a coexistence that generated persistent instability in Paraguay's circulating currency throughout the 1880s.

ABNC's involvement was typical for South American private banks of the period seeking credibility through foreign printing — the watermarked paper provided a basic deterrent against local counterfeiting at a time when enforcement capacity was essentially nonexistent.

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