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| 正面描述 | Orange-brown with multicolor underprint. Portrait of Don Carlos Antonio López, first President of Paraguay, at right, with the national coat of arms centered and denomination at left. Black serial numbers appear at upper left and lower right. |
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| 背面描述 | Orange-brown print. Central vignette of the Palacio de los López in Asunción, the official residence and workplace of the President of Paraguay, rendered in a classical engraved style. Denomination and republic inscription frame the architectural scene. |
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This denomination was introduced as Paraguay's largest-value circulating note at the time of its launch, reflecting the cumulative inflationary pressure the guaraní had absorbed through the Stroessner years and into the political transition that followed his 1989 ouster. The series ran long enough — spanning both the dictatorship's final years and the rocky democratic opening — that notes from opposite ends of the date range circulated in markedly different economic climates.
Thomas De La Rue's involvement was standard for Paraguayan issues of this period, the country having relied on British security printers for its higher denominations throughout the postwar decades.