2 Pesos Fuertes

The Banco del Paraguay y Río de La Plata was a joint Argentine-Paraguayan venture, chartered in Buenos Aires in 1871 and operating in the prolonged economic vacuum left by the War of the Triple Alliance, which had effectively erased Paraguay's financial infrastructure and roughly half its population. The bank held a note-issuing concession for Paraguay but was never purely Paraguayan — Argentine capital dominated its structure from the start.

The ABNC printed this series in New York, as it did for most of the bank's issues. By 1889 the institution was approaching the end of its effective life; Paraguay would move toward a national banking arrangement within a few years, and these notes did not circulate for long before being superseded.