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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 | South American Bank Note Company, Buenos Aires, Argentina |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | EL BANCO DEL PARAGUAY Y RIO DE LA PLATA pagará al portador y á la vista DOS PESOS FUERTES en moneda de oro ó plata sellada de curso legal. Asunción, Deciembre 26 de 1889. LEY DE 25 DE JUNIO DE 1889. (Translation: The Bank of Paraguay and Silver River Will pay to bearer, at sight, Two Pesos Fuertes in coins of gold or sealed silver, of legal tender. Asunción, December 26th., 1889. Law of June 25th., 1889.) |
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| Reverse lettering | BANCO DEL PARAGUAY Y RIO DE LA PLATA 2 (Translation: Bank of Paraguay and River Plate 2) |
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| Comments |
The Banco del Paraguay y Rio de la Plata was a privately chartered institution operating in Asunción during a period when Paraguay's monetary system was still rebuilding from near-total collapse after the War of the Triple Alliance ended in 1870 — a conflict that had killed a catastrophic proportion of the male population and left the country's financial infrastructure in ruins. Private banks filled the void that no functioning central authority could.
The South American Bank Note Company in Buenos Aires produced several Paraguayan private bank issues during this period. Its output is sometimes confused with North American security printers, but it operated independently in the region through the late nineteenth century.