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20 Pesos Fuertes Banco Nacional del Paraguay
| Issuer | Banco Nacional del Paraguay |
|---|---|
| Year | 1886 |
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| Composition | Paper |
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| Reverse lettering | EL BANCO NACIONAL DEL PARAGUAY 20 (Translation: The National Bank of Paraguay 20) AMERICAN BANK NOTE COMPANY, NEW YORK. |
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| Protection type | Watermark |
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| Comments |
The Banco Nacional del Paraguay was established in 1885 with mixed Paraguayan government and private capital — a deliberate reconstruction measure following the catastrophic losses of the War of the Triple Alliance, which had ended in 1870 and left the country with a collapsed male population and no functioning monetary infrastructure. This note is among the earliest issues of that institution.
ABNC produced the plates in New York; the "Pesos Fuertes" denomination reflects the aspiration toward a hard-currency standard that Paraguayan fiscal reality made difficult to sustain. The bank lost its charter within a decade.