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5 Guaranies Overprint on P#169
| Issuer | Banco de la República del Paraguay |
|---|---|
| Year | 1943 |
| 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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| Printer | Waterlow & Sons Limited, London, United Kingdom |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | REPUBLICA DEL PARAGUAY PAZ Y JUSTICIA 500 QUINIENTOS PESOS FUERTES (Translation: Republic of Paraguay Peace and Justice Five Hundred Pesos Fuertes) |
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| Protection type | Log in to see details |
| Protection description | No watermark. |
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| Comments |
Paraguay's 1943 series emerged during a period of acute fiscal pressure following the Chaco War, which had drained the republic's reserves and forced a prolonged restructuring of the currency supply. Rather than commission an entirely new printing, the Banco de la República applied a 5 Guaraníes overprint to existing P#169 stock — a practical economy that Waterlow & Sons had already accommodated in their plate logistics for the region.
Overprint issues of this type tend to show adhesion ghosting on the reverse where the impression pressed through. Worth checking on any example.