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50 Guaraníes

Issuer Paraguay
Year 1992
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Thickness 1.5 mm
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Obverse description Central effigy of Marshal José Félix Estigarribia facing forward, with the country name legend 'REPUBLICA DEL PARAGUAY' arcing around the upper periphery. The abbreviated title and surname 'MCAL. J.F. ESTIGARRIBIA' appear in the field flanking the portrait, and the date of issue is inscribed in the lower exergue. The design is executed in a straightforward engraved style typical of mid-twentieth-century Latin American coinage.
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Reverse description The large numeral '50' occupies the upper portion of the field, serving as the principal denomination indicator. Below it, a detailed frontal view of the Acaray hydroelectric dam is depicted in relief, with water cascading through the spillways and stylized vegetation rendered to the right foreground. The legend 'REPRESA ACARAY' appears in the lower mid-field, with 'GUARANIES' inscribed along the bottom periphery, completing the denomination inscription.
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Additional information

Paraguay's monetary history through the late 20th century was shaped heavily by the Stroessner dictatorship, which ended in a 1989 coup after 35 years in power. This 1992 issue came during the fragile democratic transition under Andrés Rodríguez, when the country was stabilizing a currency that had survived decades of controlled-economy distortions. The guaraní itself had been redenominated in 1944, replacing the peso at a rate of 100 to 1.

Nickel brass was a deliberate cost-reduction choice as Paraguay modernized its coinage infrastructure in the early 1990s.

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