Catalog
200 Pesos Fuertes Caja de Conversión
| Issuer | Caja de Conversión del Paraguay |
|---|---|
| Year | 1907 |
| Type | Standard circulation banknote |
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| Obverse description | Black intaglio on pink and yellow underprint, with a central vignette of mountains and an ox cart at center right. The note carries the full title of the issuing authority and denomination in ornate letterpress across the face, framed by guilloche patterning. Six signature varieties are known for this issue. |
|---|---|
| Obverse lettering | Republica del Paraguay LA NACION RECONOCE ESTE BILLETE POR 200 Doscientos Pesos FUERTES QUE PAGARA CONFORME A LA LEY DE 26 DE DECIEMBRE DE 1907. (Translation: Republic of Paraguay The Nation Recognizes this Banknote by Two Hundred Pesos Fuertes that you will pay in accordance with Law of December 26th., 1907.) |
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| Comments |
The Caja de Conversión was established in Paraguay in 1907 specifically to stabilize a currency system wrecked by decades of paper money inflation following the War of the Triple Alliance — a war that had killed roughly half the country's population and left the economy gutted for a generation. The institution's mandate was convertibility: pesos fuertes exchangeable for gold at a fixed rate. In practice, that convertibility was suspended almost immediately and never meaningfully restored.
The sheer number of distinct signature combinations on this note — five pairs across the series — reflects the institutional churn of an agency that changed administrators repeatedly as Paraguay's monetary situation lurched through the early twentieth century.