Dark-gray on olive underprint. Portrait of Don Carlos Antonio López at center left; cows at right.
Reverse description
Dark-blue. Coat of Arms at center (with lion inside).
Signature(s)
Protection type
Protection description
Obverse lettering
REPUBLICA DEL PARAGUAY
LA NACION RECONOCE ESTE BILLETE POR
QUINIENTOS PESOS FUERTES
QUE PAGARA CONFORME A LA LEY Nº 550 DE 25 DE OCTUBRE DE 1923
POR EL BANCO DE LA REPUBLICA DEL PARAGUAY (Translation: Republic of Paraguay The Nation Recognizes this Banknote by Five Hundred Pesos Fuertes that you will pay in accordance with Law no. 550 of October 25, 1923 for the Bank of the Republic Of Paraguay)
Reverse lettering
REPUBLICA DEL PARAGUAY
PAZ Y JUSTICIA
500
QUINIENTOS PESOS FUERTES (Translation: Republic of Paraguay Peace and Justice Five Hundred Pesos Fuertes)