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50 000 Guaranies without staircase metallic

Issuer Banco Central del Paraguay
Year 1997
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Size 157 × 67 mm
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Obverse description Purple and light blue on multicolour underprint. At right, an intaglio vignette of the Paraguayan Soldier; the issuer name appears across the top, with the face value in numerals at upper right, lower left, and vertically along the right edge, and in full text at centre, set against a background map outline of Paraguay flanked by the two official coats of arms. A watermark area occupies the left portion of the note, to the right of which a perfect-match printing device in the form of a Phrygian cap appears; two serial numbers are present — one vertical in red at left and one horizontal in green at lower right — with a security thread positioned to the right of centre.
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Protection description Portrait of the Paraguayan Soldier, visible in the left margin area; security thread embedded to the right of centre
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Paraguay's highest-denomination note of the 1990s, the 50,000 Guaraní was introduced as chronic inflation steadily eroded the purchasing power of lower values — by the mid-1990s, the Guaraní had lost the vast majority of its real value since its introduction in 1944. Thomas De La Rue produced the series with a security thread and watermark as the primary anti-counterfeiting measures, a relatively modest specification for a note of this face value at the time.

The "without staircase metallic" designation distinguishes this P#217 from a later variant incorporating a windowed metallic security thread with a stepped, or staircase, pattern — a De La Rue innovation increasingly specified by central banks through the late 1990s.

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