Catalog
200 Pesos Fuertes Oficina de Cambios
| Issuer | Oficina de Cambios del Paraguay |
|---|---|
| Year | 1923 |
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| Composition | Paper |
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| Obverse description | Black intaglio printing on orange and green underprint, with a central-right vignette of mountains and an ox cart. The face bears multiple lines of text authorizing the note under Laws No. 463 of 30 December 1920 and No. 550 of 25 October 1923, with the issuing authority identified as the Oficina de Cambios. Five signature varieties are known for this type. |
|---|---|
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| Variants | P#153a(1) - signatures: Mariano B. Moreschi & Alfredo Jacquet P#153a(2) - signatures: Mariano B. Moreschi & Pablo M. Insfrán P#153a(3) - signatures: Mariano B. Moreschi & Enrique Bordenave P#153a(4) - signatures: Mariano B. Moreschi & Rodolfo González P#153a(5) - signatures: Mariano B. Moreschi & Justo Pastor Benítez |
| Comments |
The Oficina de Cambios del Paraguay was a state exchange office rather than a central bank, created to manage the chronic currency instability that plagued Paraguay through the early twentieth century. Notes issued under this authority circulated alongside Banco de la República paper, creating persistent public confusion about relative values. The five known signature combinations on P#153 — all retaining Moreschi in the first position — indicate extended use across multiple administrations, with Justo Pastor Benítez later becoming one of Paraguay's more prominent diplomatic figures.
The ABNC plate is reused across several Paraguayan issues of this period, making signature and series verification the primary means of precise attribution.