Catalog
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| Issuer | Banco Central del Paraguay |
|---|---|
| Year | 2000-2003 |
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| Value | Log in to see details |
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| Composition | Log in to see details |
| Size | 157 x 67 mm |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 5000 BANCO CENTRAL DEL 5000 BANCO CENTRAL DEL PARAGUAY REPUBLICA DEL PARAGUAY PAZ Y JUSTICIA EL BANCO CENTRAL DEL PARAGUAY RECONOCE ESTE BILLETE POR CINCO MIL GUARANIES SERIE 2003 ESTE BILLETE TIENE CURSO LEGAL Y FUERZA CANCELATORIA ILIMITADA EN TODO EL TERRITORIO DE LA REPUBLICA (LEY 489 DEL 29 DE JUNIO DE 1995) THOMAS DE LA RUE & COMPANY. LIMITED. (Translation: Central Bank of Paraguay The Central Bank of Paraguay acknowledges this banknote for Five Thousand Guaranies Series 2003 This banknote is legal tender and has unlimited cancellation value all over the Republic territory. (Law# 489 from June 29th., 1995).) |
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| Protection description | F Carlos Antonio López portrait; embedded security thread |
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| Comments |
Paraguay's 5000 Guaraní denomination was introduced in the early 1990s as inflation steadily eroded the purchasing power of lower-denomination notes. By the time this Series C was released, 5000 Guaraníes bought roughly what a few hundred had in the 1980s. The Banco Central had been managing a slow-burn currency depreciation for over a decade without resorting to the hyperinflationary spirals that hit Argentina and Brazil in the same period — a deliberate policy choice with real consequences for denominations in active circulation.
De La Rue's printing for the Paraguayan central bank across this period was competent but unremarkable. The security package — watermark and thread — reflects the lower-tier specification typical of mid-range Latin American issues of the era, not the full intaglio suite De La Rue applied to higher-value contracts.