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4 Pesos Tesoro Nacional - Black type

发行方 Tesoro Nacional del Paraguay
年份 1865-1870
类型 Standard circulation banknote
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正面铭文 ASUNCION La ley perseguirá á los falsificadores y sus cómplices. 4 PESOS. 4 PESOS. REPUBLICA DEL PARAGUAY El Tesoro Nacional pagará al portador la cantidad de CUATRO PESOS valor recibido.
(Translation: The law will prosecute counterfeiters and their accomplices. 4 Pesos Republic of Paraguay The National Treasury will pay to the bearer the amount of Four Pesos received value.)
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防伪类型 Watermark
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Paraguay's Tesoro Nacional notes from this period were issued under conditions of near-total economic isolation. The War of the Triple Alliance (1864–1870) severed international trade and made access to foreign printing houses impossible, forcing the government to produce currency domestically in Asunción — a significant constraint that shows in the execution. State-printed wartime notes from landlocked, blockaded nations rarely achieve the engraving standards of European presses, and this series is no exception.

The watermark is an unusual security feature for a domestically produced wartime issue and suggests at least some pre-war paper stock was still being drawn down during printing. By the war's end, Paraguay had lost an estimated 60–70% of its population — the monetary system effectively collapsed with the state that issued these notes.

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