Paraguay 1907 - Banco de la República 5 Pesos with 1912 Dual-Side State and Treasury Revalidation Overprint (Pick Unlisted, Base Pick 156)
The importance of this note lies in the second, reverse-side overprint. The face stamp alone identified a note as part of the 1912 state emission, but the reverse validation added a further administrative layer. It showed that the note had not merely been converted from old Banco de la República stock into emergency state currency, but had also passed through Treasury supervision under the Departamento de Hacienda and the Junta Fiscalizadora. That second mark connected the note to fiscal inspection, public-account control, and the official decree of 20 May 1912. Read more →