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50 Centimos Overprint on P#166
| Issuer | Banco de la República del Paraguay |
|---|---|
| Year | 1943 |
| Type | Log in to see details |
| Value | 1 Guaraní (1 PYG) |
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| Composition | Log in to see details |
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| Printer | Log in to see details |
| Designer(s) | Log in to see details |
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| Obverse description | Blue on multicolour underprint with the Banco de la República building in Asunción centred as the main vignette. A red (or black) letterpress overprint reading 'CINCUENTA CÉNTIMOS' is applied at centre, revaluing the note. Surrounding inscriptions reference Law No. 550 of 25 October 1923 authorising the issue. |
|---|---|
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| Protection description | No watermark. |
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| Comments |
Paraguay's wartime economy forced a series of provisional overprint issues in the early 1940s, this being one of the more pragmatic solutions to a shortage of small-denomination notes in circulation. Rather than commission an entirely new printing, the Banco de la República had existing 1 Peso stock from the ABNC overprinted to create a lower face value — a cost-saving measure that also bought time before a fuller currency revision could be organized.
The ABNC plates used for the underlying P#166 base note dated from an earlier contract, meaning the overprinted issue combined two distinct production moments in a single piece of paper.