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500 Guaranies Guarani value on reverse - TDLR printer

Issuer Banco Central del Paraguay
Year 1982-1995
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Composition Cotton paper
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Obverse lettering BANCO CENTRAL DEL PARAGUAY REPUBLICA DEL PARAGUAY PAZ Y JUSTICIA 500 EL BANCO CENTRAL DEL PARAGUAY RECONOCE ESTE BILLETE POR QUINIENTOS GUARANIES ESTE BILLETE TIENE CURSO LEGAL Y FUERZA CANCELATORIA ILIMITADA EN TODO EL TERRITORIO DE LA REPUBLICA (DECRETO LEY Nº 18 DEL 25 DE MARZO DE 1952).
(Translation: Central Bank of Paraguay Republic of Paraguay - Peace and Justice The Central Bank of Paraguay acknowledges this banknote for Five Hundred Guaranies This banknote is legal tender and has unlimited cancellation value all over the Republic territory. (Decree Law# 18 from March 25th., 1952).)
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Reverse lettering REPUBLICA DEL PARAGUAY FLOTA MERCANTE DEL ESTADO PO SA GUARANI
(Translation: Republic of Paraguay Merchant Fleet of the State Five Hundred Guaranies (in Guarani language))
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Comments

Paraguay's postwar constitution of 1967 restructured the Banco Central into its modern form, but the guaraní itself dates to 1943, when it replaced the peso at par under the wartime government of Higinio Morínigo. This note belongs to a long-running series that TDLR supplied across most of that stretch — London printing for Asunción was the norm throughout the Cold War decades, not the exception.

The 1982–1995 date range spans one of Paraguay's most turbulent monetary periods, covering the final years of the Stroessner dictatorship and its chaotic aftermath. Inflation remained comparatively controlled by regional standards, but the political transition after the 1989 coup introduced new pressures that eventually pushed denominations far higher.

The "Guarani value on reverse" designation in the TDLR catalog distinguishes this printing from an earlier plate variant where the value appeared differently — a small but catalogically significant difference that affects Pick classification.

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