Bank launched the first ₲2,000 polymer-made notes, which makes the notes more durable than the traditional cotton-fiber notes. New ₲50,000 notes of series C have been printed with the date of 2005, but as they obviously reached circulation by criminal ways before being launched officially, this series has been declared void and worthless by the central bank and notes of ₲1,000 and series A and B of ₲50,000 were demonetized in 2012. A new ₲5,000 note has been released. The ₲5,000 was put into circulation on January 14, 2013. This note has been printed by The Canadian Bank Note Company. Such security features include a see through window in the shape of a locomotive, a watermark of the portrait. However this note will still bear the portrait of Don Carlos Antonio Lopez, the reverse will also have the same design of Lopez's Palace. ₲10,000 as well as ₲20,000 notes are produced by Polish Security Printing Works (). On December 22, 2016, new ₲20,000, ₲50,000 and ₲100,000 notes were introduced with upgraded security. Revaluation The guaraní is currently one of the least valued currency units in the Americas, US$1 being equivalent as of December, 2022, to ₲7,154. In 2011, plans were released under which the Paraguayan guaraní would be revalued as the Nuevo guaraní ("New guaraní") (PYN) at the rate of 1,000:1. From day 1 (currently unknown), there would be a conversion at the rate of ₲1,000 = N₲1 ("nuevo guaraní"). After a two-year transition period (with N₲ as the currency sign), new banknotes with the lower value would be introduced, re-using the name guaraní (₲) for the lower value. However, due to possible confusion and problems with the projects, it is currently suspended. See also Economy of Paraguay References Bibliography External links Paraguayan guaraní banknotes Guarani currency exchange rate Currencies of Paraguay Currencies introduced in 1944 Currency symbols