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50 Centavos Banco del Estado
| Issuer | Banco del Estado del Paraguay |
|---|---|
| Year | 1894 |
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| Value | Log in to see details |
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| Composition | Log in to see details |
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| Printer | Giesecke+Devrient (Giesecke & Devrient), Leipzig, Germany (1852-date) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 50 CENTAVOS REPÚBLICA DEL PARAGUAY LA NACION RECONOCE ESTE BILLETE POR CINCUENTA CENTAVOS QUE PAGARÁ CONFORME Á LA LEY DE 24 DE SETIEMBRE DE 1894, POR AUTORIZACION. (Translation: 50 cents Republic of Paraguay The Nation recognizes this note for Fifty Cents That will pay according to the Law of September 24th., 1894 by authorization.) |
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| Protection description | No watermark. |
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| Comments |
Paraguay's Banco del Estado was a short-lived institution, established in the early 1890s as the government attempted to rebuild a functional banking system after the catastrophic losses of the War of the Triple Alliance — a conflict that had killed the majority of the male population and left the country's economy in ruins for a generation. The 50 Centavos denomination was the smallest in the series, aimed at replacing the fractional coinage that had largely disappeared from circulation.
Giesecke & Devrient in Leipzig produced the note at a time when the firm was the dominant supplier of banknote printing to South American governments with limited domestic printing capacity. The watermark is the only security feature — modest for the period, but consistent with the budget constraints of a client state still decades from monetary stability.