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10 000 Guaranies

Issuer Banco Central del Paraguay
Year 2004-2011
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Size 157 × 67 mm
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Obverse description Brown on multicolour underprint. Intaglio portrait of Dr. José Gaspar Rodríguez de Francia positioned to the right, flanked on both sides by the Paraguayan coat of arms adjacent to the numeral face value. The issuer name appears across the top, with the denomination expressed in numerals at the upper corners and centre, and in words below; serial numbers in black, appearing in increasing-size vertical format at left and horizontal at right.
Obverse lettering 10MIL 10MIL BANCO CENTRAL DEL PARAGUAY EL BANCO CENTRAL DEL PARAGUAY RECONOCE ESTE BILLETE POR 10000 AÑO 2011 ★ DIEZ ★ MIL ★ GUARANIES ★ ESTE BILETE TIENE CURSO LEGAL Y FUERZA CANCELATORIA ILIMITADA EN TODO EL TERRITORIO DE LA REPUBLICA (LEY 489 DEL 29 DE JUNIO DE 1995)
(Translation: 10 thousands Central Bank of Paraguay The Central Bank of Paraguay accepts this banknote for Year 2011 Ten Thousand Guaranies This banknote is legal tender and has unlimited cancellation power on all the Republic territory (Law no. 489 from June 29th., 1995))
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Comments

Paraguay's 10,000 Guaraní denomination has been produced by at least four different security printers across three countries simultaneously — Casa da Moeda do Brasil, De La Rue, Oberthur Fiduciaire, and PWPW — a level of outsourcing fragmentation unusual even for a small central bank. Notes from this series are visually identical regardless of origin, with no printer identification visible to casual inspection, though specialist collectors differentiate them by subtle paper texture and security thread specification.

The watermark remains the sole catalogued security feature across all print runs, a notably thin specification for a high-denomination note issued well into the 2000s.