5000 Guaranies

P#223 spans a six-year window during which Paraguay contracted at least three separate security printers for what appears to be the same note. Casa da Moeda do Brasil, De La Rue, and Giesecke+Devrient each produced runs, a split that likely reflects competitive tendering and supply pressures rather than any deliberate design variation — the notes are catalogued under a single Pick number, suggesting no meaningful differences were introduced between print sources.

The security thread is the only listed feature beyond the paper substrate itself, which is notably lean for a high-denomination issue produced in this period.