1000 Guaranies

Three different printers across five years — Ciccone in Buenos Aires, De La Rue in London, Oberthur in France — producing what is nominally the same note. That kind of distributed contracting reflects Paraguay's procurement instability during this period rather than any deliberate security diversification. The result is a series with meaningful variation in ink depth and paper feel across signature pairs, which collectors treating P#214 as a single type routinely underestimate.

The 1998 Ciccone printing is the most regionally sourced, Ciccone being the dominant Argentine security printer of the 1990s. The switch to De La Rue for the 2001 issue and then to Oberthur for 2003 suggests competitive re-tendering rather than dissatisfaction with any single supplier.