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50 Centavos Fuertes Administración de la Deuda Pública

Issuer Administración de la Deuda Pública del Paraguay
Year 1899
Type Standard circulation banknote
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Obverse description Black intaglio print on an orange guilloche underprint. A classical vignette of Athena in helmet occupies the left portion, while the denomination text and value numeral are positioned to the right. The serial number is printed in red, and two signature varieties are recorded for this issue.
Obverse lettering REPÚBLICA DEL PARAGUAY LA NACION RECONOCE ESTE BILLETE POR 50 CINCUENTA CENTAVOS FUERTES QUE PAGARÁ CONFORME Á LA LEY DE 18 DE NOVIEMBRE DE 1899.
(Translation: Republic of Paraguay The Nation recognizes this note for Fifty Centavos Fuertes That will pay according to the Law of November 18th., 1899.)
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Comments

Paraguay's public debt administration — not the central bank — issued this note as part of an emergency fiscal mechanism following the catastrophic losses of the War of the Triple Alliance, which had ended nearly thirty years earlier but left the country's financial infrastructure in ruins for decades. The Administración de la Deuda Pública functioned as a quasi-fiscal authority, issuing low-denomination paper to manage obligations the state could not meet in coin.

ABNC's involvement at this late date is consistent with their long relationship with Paraguayan authorities, though the watermark security feature suggests a more deliberate production than the emergency scrip it effectively replaced.

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