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20 Centavos Fuertes Banco Nacional del Paraguay

Issuer Banco Nacional del Paraguay
Year 1886
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Value 20 Centavos (0.20)
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Obverse description Black intaglio print on a pink underprint, with the issuer's title arching across the top margin and denomination numerals positioned at left and right. The central vignette presents a jaguar in repose, rendered in fine engraved detail characteristic of American Bank Note Company work. The value is expressed in full text at the upper left, lower right corners, and at centre, with the date and place of issue inscribed below the issuer's title.
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Reverse description The reverse is unprinted, presenting a plain paper surface devoid of any design, text, or decorative elements, consistent with the single-sided printing practice common to this issue.
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The Banco Nacional del Paraguay was a short-lived institution, established in 1886 and operating for only a few years before the country's banking sector collapsed into prolonged instability. This note belongs to its inaugural emission — the bank had barely opened when these were printed by the American Bank Note Company, whose contracts with South American republics in this period were nearly universal among newly chartered national banks seeking credibility through engraved security printing.

The denomination itself is telling. "Fuertes" distinguished these from older inflated peso emissions, signaling a hard-currency aspiration that Paraguayan monetary reality would struggle to support in the years following the catastrophic losses of the War of the Triple Alliance.

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