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100 000 Guaranies holographic seal

Issuer Banco Central del Paraguay
Year 2005
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Value 100 000 Guaraníes
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Obverse description Green, yellow-brown and multicolour note with a central intaglio vignette of San Roque González de Santa Cruz (1576–1628); the issuer name in letterpress runs across the top, flanked by the two official Paraguayan coats of arms on either side of the lettered face value. A red vertical serial number appears at left, a black horizontal serial number at right, a security thread is embedded near centre, and a see-through security image of a lion is positioned at lower left, while a holographic seal distinguishes the upper-left corner from the earlier P#226 issue.
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Reverse lettering REPUBLICA DEL PARAGUAY 100000 SA SU GUARANI REPRESA DE ITAIPU
(Translation: Republic of Paraguay One Hundred Thousand Guaranies (Guaraní language) Itaipu dam)
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Paraguay's 100,000 Guaraní denomination was introduced partly in response to chronic inflation that had steadily eroded the purchasing power of lower denominations — by the mid-2000s, 100,000 Guaraníes represented roughly twenty U.S. dollars, a figure that illustrates how far the currency had traveled since the Guaraní's introduction in 1944. Oberthur Fiduciaire, a French security printer with a long record of central bank contracts across Latin America, produced this series with a holographic seal added as an upgrade over earlier issues in the same face design.

The "holographic seal" designation in the Pick reference distinguishes this from the earlier P#223 through P#226 variants, which used different or absent hologram configurations — a detail that matters for attribution more than it might first appear.