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500 Guaraníes value above building

Issuer Banco Central del Paraguay
Year 1997
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Currency Guarani (1944-date)
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Reverse description A detailed depiction of the Central Bank of Paraguay headquarters building dominates the central field, shown in three-quarter perspective with surrounding landscaping and trees rendered in the lower portion. The denomination 500 GUARANIES arcs along the upper legend, while BANCO CENTRAL DEL PARAGUAY curves along the lower periphery, completing the circular inscription that frames the architectural motif.
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Edge Reeded
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Additional information

Paraguay's shift to brass-plated steel for this denomination in the mid-1990s was driven by the chronic undervaluation of the guaraní against raw metal costs — a recurring problem for high-inflation economies where the intrinsic value of a coin threatens to exceed its face value. The plating solution was cheap, practical, and widely adopted across Latin America during the same period.

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