1 Guaraní - Jose Asuncion Flores

José Asunción Flores was a Paraguayan composer and the creator of the guarania, a musical genre he developed in the 1920s as a slower, more introspective evolution of the polca paraguaya. Despite founding what many consider Paraguay's most distinctive native musical form, Flores died in exile in Buenos Aires in 1972, having spent decades abroad following political persecution under the Stroessner dictatorship. He was not repatriated until 2011.

This silver issue belongs to Paraguay's ongoing commemorative program honoring national cultural figures — a series that runs on collector demand rather than any circulatory need, given the face value's near-total irrelevance to the modern guaraní economy.