| Issuer | Paraguay |
| Year | 1923 |
| Type | Standard banknote |
| Value | 500 Pesos |
| Currency | Peso (1856-1944) |
| Composition | Paper |
| Size | 175 × 100 mm |
| Shape | Rectangular |
| Printer | American Banknote Corporation (American Bank Note Company), Ottawa, New York, United States (1795-date) |
| No. printed | |
| Designer(s) | |
| Engraver(s) | |
| In circulation to | |
| Reference(s) | P#154 |
| Obverse description | Dark-gray on olive underprint. Allegorical woman with cherub at left; ruins of Humaita at right. Seven signatures varieties. |
| 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
Y LEI Nº 550 DE 25 DE OCTUBRE DE 1923.
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 and Law no. 550 of October 25, 1923 for the Exchange Office) |
| Reverse lettering | REPUBLICA DEL PARAGUAY
500 (Translation: Republic of Paraguay) |
| Variants | |
| Catalog ID | 4098356520 |
| Comments |
