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10 Pesos Moneda Nacional - 1 Peso Oro
| Issuer | Banco de la República del Paraguay |
|---|---|
| Year | 1907 |
| Type | Standard circulation banknote |
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| Obverse description | Black intaglio on red guilloche underprint. A vignette of the Asunción Railroad Station occupies the center of the note, flanked by the face value in both letters and numerals on either side. The country name arcs along the top margin and the issuing bank's name appears below, with the full legal text of obligation and authorizing law inscribed across the lower portion. |
|---|---|
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| Reverse description | Printed in green, the reverse is dominated by the Paraguayan Coat of Arms at center, set within an intricate guilloche pattern that fills the entire field. The face value appears in both letters and numerals on the lateral panels and in lettering below the arms. |
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| Comments |
The Banco de la República del Paraguay was itself a short-lived institution, operating only from 1906 until it was superseded by the Banco del Paraguay in 1916. This note belongs to the bank's founding issue, printed by Waterlow & Sons in London and released at a moment when Paraguay was still rebuilding its monetary infrastructure after decades of post-war economic fragility following the catastrophic War of the Triple Alliance.
The dual denomination — 10 Pesos Moneda Nacional equated to 1 Peso Oro — reflects the awkward coexistence of depreciated paper currency and a gold-based accounting unit that Paraguay never fully succeeded in stabilizing during this period.