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500 Guaranies Departamento Monetário

Issuer Banco del Paraguay
Year 1943
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Printer De La Rue (Thomas de la Rue; Thomas De La Rue & Co.; TDLR), London, United Kingdom (1821-date)
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Obverse description Blue intaglio print with a central portrait vignette of Francisco Solano López, the Paraguayan national hero, flanked by intricate guilloche underprint. The national Coat of Arms appears at upper right, while the signature block at lower left carries the title Gerente General in three known varieties. Elaborate decorative borders frame the composition throughout.
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Reverse description Printed in red-brown intaglio, the reverse is dominated by a central architectural vignette of the Banco del Paraguay building in Asunción, rendered in fine line engraving and set within a rectangular frame. Denomination numerals "500" appear in each corner, supported by dense guilloche lacework filling the lateral panels. The legend REPÚBLICA DEL PARAGUAY arches across the top, with QUINIENTOS GUARANIES lettered along the lower margin.
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Comments

The Banco del Paraguay was a short-lived institution — established in 1936 and dissolved in 1952 when the Banco Central del Paraguay took over. This 500 Guaranies note predates the Guaraní's formal adoption as the national currency, which didn't occur until 1944; the Departamento Monetário designation reflects the transitional administrative structure in place during the final years of the old Peso-to-Guaraní conversion period.

De La Rue's London contract for Paraguayan notes during wartime is itself notable — transatlantic shipment of currency paper during active U-boat operations in the South Atlantic was a genuine logistical risk, not a routine procurement matter.

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