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1 Guarani Departamento Monetário

Issuer Banco del Paraguay
Year 1943
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Currency Guarani (1944-date)
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Obverse description Printed in green intaglio over a fine guilloche underprint, the obverse presents a central vignette of a Paraguayan soldier in full military uniform. The national arms appear at upper right, while the series and serial number are rendered in red. The note accommodates four distinct signature varieties.
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Reverse description Executed in brown intaglio, the reverse bears a finely engraved architectural vignette of the Banco del Paraguay building at center, flanked at each corner by large numeral "1" rosettes set within elaborate guilloche medallions. The printer's imprint "THOMAS DE LA RUE & COY LTD LONDRES INGLATERRA" appears in small lettering beneath the central vignette.
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The Banco del Paraguay was a short-lived institution, operational only between 1941 and 1944 before being superseded by the Banco Central del Paraguay. This note belongs to a transitional moment in Paraguayan monetary history: the country had only recently replaced the peso with the guaraní in 1943, and the new currency's first paper issues were contracted out to De La Rue in London at a time when wartime shipping made delivery of printed currency genuinely uncertain.

The "Departamento Monetário" designation in the title reflects the bank's internal structure rather than a separate issuing authority — a distinction that trips up catalogers occasionally.