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500 Pesos Fuertes Oficina de Cambios
| Issuer | Oficina de Cambios del Paraguay |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Designer(s) | Log in to see details |
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| In circulation to | Log in to see details |
| Reference(s) | P#154 |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Printed in lilac, the reverse is dominated by an elaborate guilloche framework with the national Coat of Arms — a five-pointed star surrounded by a wreath and flanked by flags — set within a circular vignette at centre. The denomination numeral 500 appears in each corner and at top centre, with the printer's imprint of the American Bank Note Company, New York, at the bottom margin. |
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| Protection description | No watermark. |
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| Comments |
The Oficina de Cambios was Paraguay's exchange office rather than a conventional central bank, operating as a quasi-monetary authority during the early 1920s when Paraguay lacked a formal banking institution with note-issuing powers. The seven distinct signature combinations recorded for this single type reflect rapid ministerial turnover across a politically unstable period — Justo Pastor Benítez, who appears among the signatories, later became a significant literary and diplomatic figure, an unusual footnote for a man whose name appears on currency.
ABNC's production quality was far in excess of what Paraguay's economy at the time demanded, but the country had few alternatives for secure printing.