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500 Pesos Fuertes
| Issuer | Banco de la República del Paraguay |
|---|---|
| Year | 1936 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | REPUBLICA DEL PARAGUAY LA NACION RECONOCE ESTE BILLETE POR QUINIENTOS PESOS FUERTES QUE PAGARA CONFORME A LA LEY Nº 550 DE 25 DE OCTUBRE DE 1923 POR EL BANCO DE LA REPUBLICA DEL PARAGUAY (Translation: Republic of Paraguay The Nation Recognizes this Banknote by Five Hundred Pesos Fuertes that you will pay in accordance with Law no. 550 of October 25, 1923 for the Bank of the Republic Of Paraguay) |
| Reverse description | Dark-blue intaglio print on a fine guilloche underprint. The Paraguayan Coat of Arms, rendered within an oval vignette at center and encircled by the legend REPÚBLICA DEL PARAGUAY, shows a seated lion beneath a liberty cap on a pole with the motto PAZ Y JUSTICIA below. Symmetrical denomination counters bearing QUINIENTOS 500 PESOS appear at left and right, with four corner numerals 500 and a bottom-center panel reading QUINIENTOS PESOS FUERTES. The printer's imprint WATERLOW & SONS LIMITED, LONDRES appears at the lower center margin. |
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| Comments |
Waterlow & Sons printed this note during one of the more turbulent stretches in Paraguayan monetary history — the country had only recently emerged from the Chaco War (1932–35), a ruinous conflict with Bolivia that drained the treasury and forced repeated suspension of convertibility. The Banco de la República del Paraguay, itself reorganized in 1934 partly to manage war-finance pressures, was still working to stabilize the currency when this issue appeared.
The 500 Pesos Fuertes denomination was the highest in common circulation use for this series, making surviving examples that saw genuine use rather than vault storage relatively uncommon.