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500 Pesos Fuertes Administración de la Deuda Pública
| Issuer | Administración de la Deuda Pública del Paraguay |
|---|---|
| Year | 1899 |
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| Composition | Log in to see details |
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| Shape | Rectangular |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | República del Paraguay LA NACION RECONOCE ESTE BILLETE POR 500 Quinientos Pesos FUERTES QUE PAGARÁ CONFORME Á LA LEY DE 18 DE NOVIEMBRE DE 1899. (Translation: Republic of Paraguay The Nation recognizes this note for Five Hundred Pesos Fuertes That will pay according to the Law of November 18th., 1899.) |
| Reverse description | Log in to see details |
| Reverse lettering | REPÚBLICA DEL • PARAGUAY • 500 (Translation: Republic of Paraguay 500) |
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| Comments |
Paraguay's public finances in 1899 were still deeply compromised by the catastrophic losses of the War of the Triple Alliance, which had ended thirty years earlier but left the country dependent on foreign loans and chronically short of hard currency. The Administración de la Deuda Pública was not a conventional bank of issue — it was essentially a debt-management body empowered to emit paper as a function of servicing and consolidating national obligations rather than supporting ordinary commerce.
The American Bank Note Company engraved and printed the series in New York. At 500 Pesos Fuertes, this is the highest denomination in P#100–104 range, and high-denomination notes from this issuer circulated narrowly if at all — most purchasing power in rural Paraguay at the time operated well below this level.