100 000 Guaranies

The 100,000 Guaraní denomination was introduced in 1998 partly as a practical response to the chronic inflation Paraguay had experienced through the late 1980s and early 1990s, which steadily eroded the purchasing power of lower denominations. By the mid-1990s, the 50,000 Guaraní note — itself only introduced a few years earlier — was no longer sufficient for routine large transactions.

Thomas De La Rue's involvement in Paraguayan currency production stretches back decades, and this note is among the higher-value pieces the London printer produced for the Banco Central. The see-through register feature, aligning printed elements on both faces to form a composite image when held to light, was still relatively novel for Paraguayan issues at this denomination level.