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50 000 Guaranies
| Issuer | Banco Central del Paraguay |
|---|---|
| Year | 2007-2011 |
| Type | Standard circulation banknote |
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| Obverse description | Dominant purple, green and light brown tones over a multicolor guilloche underprint. A vignette of Agustín Pío Barrios 'Mangoré' holding a guitar occupies the centre, flanked by the two official coats of arms; face value rendered in both numerals and letters appears at upper and lower left, with numerals and letters repeated at centre right, while the issuer's name is inscribed at upper right. A vertical security thread is positioned to the right of centre, a see-through registration device in the form of a guitar appears at lower left, and two serial numbers are printed in contrasting orientations — red vertically at left and black horizontally at lower right. |
|---|---|
| Obverse lettering | 50 MIL BANCO CENTRAL DEL PARAGUAY EL BANCO CENTRAL DEL PARAGUAY RECONOCE ESTE BILLETE POR 50000 AÑO 2009 CINCUENTA MIL GUARANIES ESTE BILETE TIENE CURSO LEGAL Y FUERZA CANCELATORIA ILIMITADA EN TODO EL TERRITORIO DE LA REPUBLICA (LEY 489 DEL 29 JUNIO DE 1995). (Translation: 50 Thousand Central Bank of Paraguay The Central Bank of Paraguay accept this banknote for Year 2009 Fifty Thousand Guaranies This banknote is legal tender and has unlimited validity on all the Republic territory (Law 489 from June 29th., 1995).) |
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| Comments |
Paraguay's central bank has contracted multiple printers for the same series simultaneously on numerous occasions, and this 50,000 Guaraní note is a clear example — both Giesecke & Devrient in Leipzig and Oberthur Fiduciaire in France produced this denomination concurrently. Identifying which press produced a given specimen typically requires examining the printer's imprint in the lower margin, as the two firms' outputs are otherwise nearly identical to the untrained eye.
The 50,000 Guaraní denomination was introduced as inflation steadily eroded the utility of lower values — by the mid-2000s, the Guaraní had lost so much ground against the dollar that this note represented barely ten U.S. dollars at prevailing exchange rates.