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20 Centavos Fuertes Banco Nacional del Paraguay
| Issuer | Banco Nacional del Paraguay |
|---|---|
| Year | 1886 |
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| Size | 110 × 65 mm |
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|---|---|
| Obverse lettering | EL BANCO Nacional del Paraguay ASUNCIÓN, 1ro. DE ENERO DE 1886 20 Pagará al portador y á la vista VEINTE CENTAVOS FUERTES en monedas de oro ó plata sellada de curso legal segun ley de 31 de octubre 1883. (Translation: The National Bank of Paraguay Asunción, January 1st., 1886 Will pay to bearer, at sight, Twenty Centavos Fuertes in coins of gold or sealed silver, of legal tender, as Law from October 31st., 1883.) |
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| Protection type | Watermark |
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| Comments |
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.