Dark-gray on olive underprint. Allegorical woman with cherub at left; ruins of Humaita at right.
Reverse description
Lilac. Coat of Arms at center (star with flags).
Signature(s)
Protection type
Watermark
Protection description
No watermark.
Obverse lettering
Republica del Paraguay
LA NACION RECONOCE ESTE BILLETE POR
500
Quinientos Pesos
FUERTES
QUE PAGARA CONFORME A LA LEY Nº 463
DE 30 DE DECIEMBRE DE 1920.
POR LA OFICINA DE CAMBIOS (Translation: Republic of Paraguay The Nation Recognizes this Banknote by Five Hundred Pesos Fuertes that you will pay in accordance with Law no. 463 of December 30, 1920. for the Exchange Office)
Reverse lettering
REPUBLICA DEL PARAGUAY
500 (Translation: Republic of Paraguay)