

This is an UNC 10 Guaranies banknote from Paraguay, issued in 1963 by the Banco Central del Paraguay and printed by the renowned security printer Thomas de la Rue & Company. The note features a striking mauve and cream color scheme with a portrait of General Eugenio Acaray on the obverse and an impressive engraved rendering of the International Bridge Paraguay-Brazil on the reverse, both executed with exceptional fine-line security printing techniques characteristic of De la Rue's work.
Common. The 10 Guaranies denomination from this 1963 printing period represents a standard circulating banknote issue from Paraguay's Central Bank. No evidence of restricted print runs, recalls, or short-lived issuing authority exists for this Pick number. The note was produced by Thomas de la Rue, a major international security printer with substantial production capacity, indicating healthy print volumes for circulation. UNC examples are readily available in the numismatic market.
Issued under Decree LY No. 18 of March 25, 1952, this 1963 printing represents Paraguay's mid-20th century currency during a period of national development. The bridge depicted on the reverse—the Puente Internacional Paraguay-Brasil—symbolized Paraguay's modern infrastructure and international connectivity during the 1960s, while General Eugenio Acaray's portrait honored a significant figure in Paraguayan history. The note's legal tender declaration emphasizes the Central Bank's authority during this period of the nation's monetary system.
The obverse features a formal three-quarter portrait of General Eugenio Acaray, a significant figure in Paraguayan military and national history, rendered in fine engraved detail and positioned on the right side of the note. He is depicted in formal business attire with suit and striped tie. The left side displays the national emblem of Paraguay—a circular seal bearing 'REPUBLICA DEL PARAGUAY' and 'PAZ Y JUSTICIA' (Peace and Justice)—the national motto. The center showcases an ornate cloud-shaped cartouche containing the denomination text 'DIEZ GUARANIES'. The reverse depicts the Puente Internacional Paraguay-Brasil (International Bridge Paraguay-Brazil), a significant engineering landmark spanning a river valley with mountainous terrain in the background, symbolizing the nation's infrastructure development and international ties. Both sides feature the denomination '10' in large numerals within decorative circular frames positioned in the corners. The entire design is executed in a sophisticated mauve/burgundy and cream color palette with intricate geometric guilloché patterns and fine-line security work throughout.
FRONT: 'BANCO CENTRAL DEL PARAGUAY' (Central Bank of Paraguay); 'DIEZ GUARANIES' (Ten Guaranies); 'GENERAL EUGENIO ACARAY' (General Eugenio Acaray); 'EL BANCO CENTRAL DEL PARAGUAY RECONOCE ESTE BILLETE POR' (The Central Bank of Paraguay recognizes this banknote for); 'ESTE BILLETE TIENE CURSO LEGAL Y FUERZA CANCELATORIA ILIMITADA EN TODO EL TERRITORIO DE LA REPUBLICA (DECRETO LY Nº 18 DEL 25 DE MARZO DE 1952)' (This banknote has legal tender status and unlimited cancellation power throughout the territory of the Republic [Decree LY No. 18 of March 25, 1952]); 'THOMAS DE LA RUE & COMPANY, LIMITED'. BACK: 'REPUBLICA DEL PARAGUAY' (Republic of Paraguay); 'PUENTE INTERNACIONAL PARAGUAY-BRASIL' (International Bridge Paraguay-Brazil); 'DIEZ GUARANIES' (Ten Guaranies); 'THOMAS DE LA RUE & COMPANY, LIMITED'.
Intaglio (engraved) printing, the standard high-security method employed by Thomas de la Rue & Company. The visual analysis confirms the characteristic fine-line work, detailed portrait rendering, ornate cartouche design, and intricate geometric background patterns (guilloché) typical of intaglio currency production. Multiple colored inks were applied to create depth and visual appeal while maintaining security integrity.
This note is cataloged as Pick P-196a(2), indicating it is the second variety of the P-196a type. Varieties of this issue may be distinguished by signature combinations, serial number prefixes, or minor design variations. The specimen examined bears serial number A2593515 and shows signatures for 'PRESIDENTE' (President) and 'GERENTE' (Manager) positions. Collectors should note variations in signature combinations and serial number prefix letters (A, B, C, etc.) when cataloging examples of this issue.