1 Guarani Central Bank on reverse

Paraguay's switch to the guaraní system had occurred in 1943, replacing the peso at a rate of 100 to 1, but the Banco Central del Paraguay itself wasn't established until 1952 — meaning this 1963 note belongs to the central bank's early operational years, when institutional credibility was still being built under the Stroessner regime. Thomas De La Rue's involvement was standard practice for smaller Latin American issuers who lacked domestic intaglio capacity and needed internationally recognizable production quality to discourage counterfeiting.

Pick 192 is frequently found with handling wear along the horizontal fold lines, a known weakness in the paper stock used across this series.