Paraguayan guarani banknotes

Paraguayan guaraní banknotes are paper and polymer currency issued for Paraguay following the monetary reform law passed in October 1943 that replaced the peso fuerte. The production of the notes has been entrusted to various international security printers over time, including De La Rue, Giesecke & Devrient, the Polish Security Printing Works (Polska Wytwórnia Papierów Wartościowych), and the Canadian Bank Note Company. The notes circulate as the official paper currency of the Central Bank of Paraguay.

The earliest guaraní notes entered service in 1943 as provisional issues, consisting of previous peso fuerte denominations overstamped with values of 50 céntimos, ₲1, ₲5, and ₲10. Fully realised guaraní banknotes ranging from ₲1 to ₲1,000 soon followed. A complete redesign was introduced under a 1952 law and released in 1963, extending the denominational range to include ₲5,000 and ₲10,000. In 1982, denominations in the indigenous Guaraní language were added to the note reverses. Higher denominations appeared in subsequent decades, notably the ₲50,000 in 1990 and the ₲100,000 in 1998. In 2012, notes of ₲1,000 and series A and B of the ₲50,000 denomination were demonetised, whilst an unreleased 2005 series C of the ₲50,000 was declared void.

While historically printed on traditional cotton-fibre paper, the series embraced polymer in 2009 with the release of the ₲2,000 note. Revisions from 2004 onwards introduced sophisticated, borderless underprints alongside updated security features, with further upgrades issued in 2016 for the ₲20,000, ₲50,000, and ₲100,000 denominations. The national seal of Paraguay appears prominently on the notes alongside the obverse arms. Specific designs include the ₲5,000 note, which depicts Don Carlos Antonio López and López's Palace, complemented by a watermark portrait and a locomotive-shaped see-through window.