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1000 Guaranies Banco Central del Paraguay
| Issuer | Banco Central del Paraguay |
|---|---|
| Year | 1952-1961 |
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| Value | Log in to see details |
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| Composition | Log in to see details |
| Size | 160 × 85 mm |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANCO CENTRAL DEL PARAGUAY 1000 EL BANCO CENTRAL DEL PARAGUAY RECONOCE ESTE BILLETE POR MIL GUARANIES STE BILLETE TIENE CURSO LEGAL Y FUERZA CANCELATORIA ILIMITADA EN TODO EL TERRITORIO DE LA REPUBLICA (DECRETO LEY N. 18 DEL 25 DE MARZO DE 1952). (Translation: Central Bank of Paraguay The Central Bank of Paraguay recognizes this banknote for One Thousand Guaranies This banknote has legal course and unlimited cancellation force throughout the territory of the Republic (Decree-Law # 18 of March 25th., 1952).) |
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| Protection type | Log in to see details |
| Protection description | No watermark. |
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| Comments |
Paraguay's 1952 currency reform abolished the peso and introduced the guaraní at a conversion rate of 100 pesos to 1 guaraní, making the 1000 guaraní note — issued the same year — a significant face-value instrument in an economy that had suffered through decades of chronic inflation and political instability. The number of signature combinations across this series is unusually high for a single pick number, reflecting the revolving door of finance ministry officials through the 1950s, a period that saw multiple coups and forced governmental reshuffles.
The fibres-at-right variant marks a mid-run security upgrade by De La Rue, not a separate issue — worth distinguishing when cataloguing.