50 000 Guaranies

Paraguay has printed its higher-denomination notes with Enschedé for decades, a relationship that reflects both the Dutch firm's long dominance of Latin American security printing contracts and Asunción's preference for offshore production to reduce domestic counterfeiting risk. The 50,000 Guaraní denomination entered circulation as inflation steadily eroded the purchasing power of smaller notes — by the 2010s, this figure represented roughly ten US dollars, unremarkable for daily transactions in Asunción.

P#236 belongs to a modernized series that introduced updated security specifications while retaining the cotton substrate Enschedé had long supplied to the Banco Central.