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50 Pesos Fuertes Banco Nacional del Paraguay
| Issuer | Banco Nacional del Paraguay |
|---|---|
| Year | 1886 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | EL BANCO NACIONAL DEL PARAGUAY ASUNCIÓN, 1ro. de Enero de 1886. 50 Pagará al portador y á la vista Cincuenta Pesos FUERTES en monedas de oro ó plata sellada de curso legal segun ley de 31 de Octubre 1883. (Translation: The National Bank of Paraguay Asunción, January 1st., 1886. Will pay to bearer, at sight, Fifty Pesos Fuertes in coins of gold or sealed silver, of legal tender, as Law from October 31st., 1883.) |
| Reverse description | Printed entirely in orange, the reverse is dominated by an elaborate guilloche border and engine-turned lathe-work radiating from a central circular vignette enclosing a seated allegorical woman holding what appears to be a sheaf and implements, symbolising industry or the arts. The denomination numeral 50 appears in large figures to the left and right of the central medallion, flanked by intricate rosette and lozenge ornaments. The printer's imprint AMERICAN BANK NOTE COMPANY, NEW YORK appears in small type at the top and bottom margins. |
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| Comments |
The Banco Nacional del Paraguay was established in 1871, partly to manage the catastrophic fiscal wreckage left by the War of the Triple Alliance, which had killed an estimated sixty percent of Paraguay's population and effectively destroyed the country's economy. By 1886, the bank held a monopoly on note issue, but chronic undercapitalization meant its paper was routinely discounted in commercial transactions. The American Bank Note Company handled the printing — a common choice for Latin American issuers who needed credibility that domestic production couldn't supply.
The "Pesos Fuertes" denomination signals a theoretical peg to hard currency that the bank struggled to maintain in practice.