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5 Guaranies blue color

Issuer Banco Central del Paraguay
Year 1963
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Size 157 × 67 mm
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Obverse description Blue intaglio print on multicolor underprint. The Paraguayan maiden vignette is positioned to the right, with the national Coat of Arms to the left; the face value appears in numerals at all four corners and in letters at centre, with the word CINCO repeated in the left and right margins. Black serial numbers are printed at lower left and lower right.
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Reverse description Blue print on plain ground. The central vignette shows the Hotel Guaraní building, flanked on both sides by large numeral 5 guilloche panels. The country name REPÚBLICA DEL PARAGUAY is distributed across the left panel, while the denomination CINCO GUARANIES appears in letters on the right panel.
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Comments

Paraguay's postwar monetary reform culminated in the creation of the guaraní in 1943, replacing the peso at a rate of 100 to 1. By 1963, the Banco Central was still working through a series of denominations printed by De La Rue as the country stabilized after decades of inflationary turbulence following the Chaco War. The 5 guaraníes occupied the low end of daily transactions — a denomination that circulated hard and wore quickly.

De La Rue's watermark security on this issue is relatively simple by the firm's standards, reflecting the modest denomination and the cost economics of producing notes for a small South American republic at the time.

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