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50 000 Guaranies

Issuer Banco Central del Paraguay
Year 2013
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Value 50 000 Guaraníes
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Obverse description Purple, green, and light brown on multicolour underprint. Central vignette of Agustín Pío Barríos 'Mangoré' seated and holding a guitar; face value expressed in numerals and letters at upper and lower left, and in numerals at centre right; issuer name at upper right. A vertical security thread is positioned to the right of centre, a see-through registration device in guitar shape appears at lower left, and the two official coats of arms flank the denomination panel on the lettered value side at right. Red vertical serial numbers at left; black horizontal serial numbers at lower right.
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Protection description Vertical embedded security thread positioned to the right of centre on the obverse; see-through registration device in the shape of a guitar at lower left, formed by matching printed elements on obverse and reverse; watermark visible when held to light.
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Paraguay has printed its higher-denomination notes with Enschedé for decades, a relationship that reflects both the Dutch firm's long dominance of Latin American security printing contracts and Asunción's preference for offshore production to reduce domestic counterfeiting risk. The 50,000 Guaraní denomination entered circulation as inflation steadily eroded the purchasing power of smaller notes — by the 2010s, this figure represented roughly ten US dollars, unremarkable for daily transactions in Asunción.

P#236 belongs to a modernized series that introduced updated security specifications while retaining the cotton substrate Enschedé had long supplied to the Banco Central.

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