500 Pesos Fuertes Oficina de Cambios

Issuer	Oficina de Cambios del Paraguay
Year	1923
Type	Standard circulation banknote
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Obverse description	Dark grey on olive underprint. At left, an allegorical female figure accompanied by a cherub forms the main vignette; at right, the ruins of Humaitá appear within an intaglio-printed panel. The note exists in seven signature varieties, with denomination and issuing authority inscriptions arranged across the face.
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Reverse description	Printed in lilac, the reverse is dominated by an elaborate guilloche framework with the national Coat of Arms — a five-pointed star surrounded by a wreath and flanked by flags — set within a circular vignette at centre. The denomination numeral 500 appears in each corner and at top centre, with the printer's imprint of the American Bank Note Company, New York, at the bottom margin.
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Variants	P#154a(1) - signatures: Cirilo Milleres & Alfredo Jacquet P#154a(2) - signatures: Mariano B. Moreschi & Enrique Bordenave P#154a(3) - signatures: Mariano B. Moreschi & Pablo M. Insfrán P#154a(4) - signatures: Mariano B. Moreschi & Luís A. Riart P#154a(5) - signatures: Cirilo Milleres & Francisco Chávez P#154a(6) - signatures: Mariano B. Moreschi & Justo Pastor Benítez P#154a(7) - signatures: Mariano B. Moreschi & Alfredo Jacquet
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