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50 Centimos Overprint on P#166

Issuer Banco de la República del Paraguay
Year 1943
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Size 130 × 75 mm
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Reverse lettering REPUBLICA DEL PARAGUAY PAZ Y JUSTICIA 50 CINCUENTA PESOS FUERTES AMERICAN BANK NOTE COMPANY
(Translation: Republic of Paraguay Peace and Justice Fifty Pesos Fuertes American Bank Note Company)
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Protection description No watermark.
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Paraguay's wartime economy forced a series of provisional overprint issues in the early 1940s, this being one of the more pragmatic solutions to a shortage of small-denomination notes in circulation. Rather than commission an entirely new printing, the Banco de la República had existing 1 Peso stock from the ABNC overprinted to create a lower face value — a cost-saving measure that also bought time before a fuller currency revision could be organized.

The ABNC plates used for the underlying P#166 base note dated from an earlier contract, meaning the overprinted issue combined two distinct production moments in a single piece of paper.