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5 Pesos Moneda Nacional - 1/2 Peso Oro
| Issuer | Banco de la República del Paraguay |
|---|---|
| Year | 1907 |
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| Composition | Paper |
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|---|---|
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| Reverse description | Printed in brown on a guilloche underprint. The national Coat of Arms occupies the center, surrounded by elaborate lathe-work; face value is repeated in letters and numerals on both sides and in a legend below the arms, all contained within an ornate guilloche border. |
| Reverse lettering | REPÚBLICA DEL PARAGUAY CINCO 5 PESOS (Translation: Republic of Paraguay Five Pesos) |
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| Comments |
The Banco de la República del Paraguay had a short and troubled existence — it was established in the mid-1880s as a state-backed institution attempting to stabilize a currency system still recovering from the catastrophic losses of the War of the Triple Alliance, which had killed a significant portion of Paraguay's male population and left the national economy in ruins for decades. By 1907, the bank was issuing notes denominated simultaneously in pesos moneda nacional and fractions of peso oro, a dual-denomination scheme that reflects the chronic distrust of paper values relative to gold-pegged equivalents.
Waterlow & Sons produced the plates in London, as they did for numerous Latin American issuers during this period.