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| 正面描述 | Black intaglio printing on lilac and yellow underprint. At left, a classical allegorical seated female figure forms the principal vignette; at right, the ruins of Humaità are rendered in detailed engraving. The denomination and obligation text are set in ornate letterpress across the central field. |
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| 背面描述 | 登录 以查看详情 |
| 背面铭文 | REPÚBLICA DEL • PARAGUAY • 500 (Translation: Republic of Paraguay 500) |
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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.