Paraguay 1907 - Banco de la República 100 Pesos Issued Note (Pick 159)
The design is a strong example of Waterlow & Sons security engraving for South America in the early twentieth century. The face combines a yellow-green tint field with dense black intaglio work, broad ornamental side panels, large corner denomination tablets, and a central architectural vignette of the Banco de la República building. The engraved promise-to-pay wording, red serial number, Series A panel, and formal signature arrangement give the note a deeply institutional character. The reverse, built around elaborate guilloché rosettes, large denomination panels, and the national emblem, displays the same technical precision and decorative density that made Waterlow issues widely respected across Latin America. Read more →