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20 000 Guaranies

Issuer Banco Central del Paraguay
Year 2013
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Value 20 000 Guaranies
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Reverse description Blue-grey intaglio print on a multicolour underprint. A vignette of the modern Banco Central del Paraguay headquarters building in Asunción occupies the centre and right of the note, while a stylised ñandutí lace guilloche design fills the left field behind the face value numerals. The country name appears along the top, with the denomination in numerals at left, in combined numerals and letters at upper right, and in the Guaraní language in letters along the bottom.
Reverse lettering REPUBLICA DEL PARAGUAY 20000 20 MIL MOKOIPA SU GUARANI BANCO CENTRAL DEL PARAGUAY
(Translation: Republic of Paraguay 20,000 20 Thousand Twenty Thousand Guaranies (Guaraní language) Central Bank of Paraguay)
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Royal Joh. Enschedé has printed Paraguayan banknotes for decades, and this 2013 issue continues a long relationship between the Banco Central and the Haarlem firm. The 20,000 Guaranies denomination sits near the top of Paraguay's circulating series and saw heavy everyday use during a period when inflation had made lower denominations largely inconvenient for routine transactions.

Security is modest for the denomination — watermark and a single thread, without the polymer substrate or windowed threads common on higher-value regional issues of the same period. Brazil and Argentina had already moved more aggressively toward polymer by this point.