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500 Guaranies Spanish value on reverse
| Issuer | Banco Central del Paraguay |
|---|---|
| Year | 1963 |
| Type | Standard circulation banknote |
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|---|---|
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| Reverse description | Blue-gray print. The central vignette presents a scene of the national merchant fleet at the port of Asunción, with the vessel Lago Ypoa visible among the ships; the country name is inscribed along the top, the face value in numerals at the corners, and in words at centre. |
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| Protection description | No watermark. |
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| Comments |
The Guaraní was introduced in 1943 as a replacement for the Peso, with the exchange fixed at 100 Pesos to 1 Guaraní — a redenomination tied closely to the Morínigo government's effort to stabilize an economy battered by the Chaco War's long fiscal aftermath. By 1963, the Banco Central del Paraguay had been operating independently for only a few years, having been formally established in 1952. Thomas De La Rue's involvement guaranteed a level of intaglio quality the country could not produce domestically.
Four distinct signature combinations are recorded for P#200, with serial number placement shifting between upper-left and lower-left on the face — a variation that attracts variety collectors disproportionate to the note's face value.