The New 100,000 Guaraníes Banknote of Paraguay 2026 (Agustín Pío Barrios, José Asunción Flores, and the Alto Paraná). Iberoamericana Banknotes

The Central Bank of Paraguay presented the new full family of the country's banknotes on October 5, 2026, on the 83rd anniversary of the guaraní. The 100,000 guaraníes banknote rounds out the top of the series: it is the highest denomination, the largest in size —its stepped format makes it the longest of the six— and the one the BCP has dedicated to Paraguayan arts and music, featuring two names instantly recognized by any fan of the guitar or South American folklore: Agustín Pío Barrios “Mangoré” and José Asunción Flores.

The banknote is not yet in circulation: what was presented are the designs, and the printing has yet to be awarded. It is not for sale, but you can reserve it: write to us via email or WhatsApp and we will hold one in uncirculated condition for you as soon as the BCP releases it and we can acquire it.

Why the 100,000 guaraníes is changing

This is the first comprehensive renewal of the guaraní in more than sixty years. The BCP awarded the design and origination to the French firm Oberthur Fiduciaire in February 2023, and developed it over three years with the guidance of historians and biologists, based on the criterion that every element on the banknote must have a justification.

The 100,000 concludes the narrative that runs through the family —indigenous peoples, missions, the founding of the State, sovereignty, education— with the chapter on the arts. And there is an evident coherence in having the country's highest denomination banknote, the one most displayed and kept, be the one featuring the Paraguayan harp turned into a hologram.

The honorees: Mangoré and José Asunción Flores

Agustín Pío Barrios (1885-1944), known artistically as Mangoré, is the most internationally acclaimed Paraguayan musician in history. A guitarist and composer, he was the first classical guitarist to record albums —beginning in 1913— and left a repertoire that is now canonical for the instrument: La catedral, Una limosna por el amor de Dios, Julia Florida, or Choro da saudade are played in conservatories around the world. He toured the Americas and Europe, adopted the stage name Mangoré —a Guaraní chief— and died in El Salvador in 1944. Andrés Segovia and John Williams contributed to his posthumous recognition; Williams even described him as the greatest composer for guitar of his time.

José Asunción Flores (1904-1972) is the creator of the guarania, the quintessential Paraguayan musical genre, which he invented in 1925 in search of a slow and melancholic form capable of expressing the national character. India, Nde rendápe aju, or Panambí verá are part of the country's intangible heritage. His life was political as well as musical: exiled for his opposition to the dictatorship, he died in Buenos Aires in 1972, and his remains were not repatriated to Asunción until 1991. In 2023, the guarania was inscribed by UNESCO on the Representative List of the Intangible Cultural Heritage of Humanity.

The guitarist who brought Paraguayan music to the world and the composer who gave it its own genre, on the same obverse.

The design of the 100,000 guaraníes banknote

Obverse (dominant green color):

• Portraits of Agustín Pío Barrios “Mangoré” and José Asunción Flores, in intaglio printing.
• BANCO CENTRAL DEL PARAGUAY legend at the top.
• Value 100MIL in highlighted numerals and CIEN MIL GUARANÍES in text.
• Hologram in the shape of a Paraguayan harp in shifting colors —green, magenta, violet—, the most spectacular security feature of the entire family and a direct reference to the national instrument.
• Institutional seals and year of issue.
• Side borders with traditional Paraguayan textile motifs.

Reverse (same green range):

• ECORREGIÓN ALTO PARANÁ label.
• A pink lapacho (Handroanthus) in full bloom as the central botanical element, one of the visual symbols of Paraguay.
• Butterflies in flight distributed across the field of the banknote.
• A bird among the foliage, native to the Alto Paraná Atlantic Forest.
• Value 100MIL and SA SU GUARANÍ, the denomination in the Guaraní language, alongside REPÚBLICA DEL PARAGUAY.
• Outline of the map of Paraguay with the ecoregion highlighted.

The Alto Paraná ecoregion is the Paraguayan portion of the Atlantic Forest, the subtropical jungle that covered the east of the country and is today one of the most threatened ecosystems on the planet due to deforestation. Dedicating the reverse of the highest-value banknote to it is, here too, a statement.

Security measures

Printed on cotton, the 100,000 concentrates the most complete security package of the family:

• Paraguayan harp hologram with color change depending on the angle.
• New-generation security thread.
• Watermark adapted to the new design, visible against the light.
• Optically variable inks on elements of the obverse.
• Intaglio relief printing on portraits, legends, and tactile marks.
• Tactile marks and large, high-contrast numerals for the visually impaired.
• Microprinting with Paraguayan identity motifs.
• Differentiated format: it is the longest banknote in the family, about 7 mm longer than the 50,000 one.

Technical specifications

• Issuer: Central Bank of Paraguay (BCP).
• Denomination: 100,000 guaraníes.
• Design presentation: October 5, 2026.
• Substrate: cotton.
• Dominant color: green.
• Obverse: Agustín Pío Barrios “Mangoré” and José Asunción Flores.
• Reverse: Alto Paraná Ecoregion, with pink lapacho and butterflies.
• Format: width common to the family; the longest of the six.
• Design and origination: Oberthur Fiduciaire (France).
• Printing house: not confirmed; to be awarded via international tender.
• Mintage and serial prefixes: not announced. The presentation images carry sample numbering with prefix A (A00000000), typical of a specimen.
• Circulation date: not confirmed (press estimates range between the first quarter of 2027 and 2028).

Numismatic and collectible value

1. It is the star piece of the family. Higher value, larger size, and the most eye-catching security element: the banknote that every collector of the series wants first and the most difficult to obtain in uncirculated condition.
2. Musical theme of global reach. Mangoré is a figure recognized in the international classical guitar circuit, and Flores's guarania has been UNESCO Intangible Heritage since 2023. This drives demand well beyond Paraguayan collecting.
3. Harp hologram. A security element shaped like a musical instrument is a design rarity: security and national identity resolved in the same piece.
4. Atlantic Forest on the reverse. The theme of threatened ecosystems has an expanding collector base, and the flowering lapacho is visually one of the most beautiful reverses in the series.
5. High denominations are always scarce in uncirculated condition. Hoarding the highest denomination note is what fewest people do; that is why new copies of high denominations are the ones that appreciate the most over the years.

Why is it important for collectors?

• Highest-value and largest banknote of the new family.
• Two of the most important musicians in Latin America on the obverse.
• Hologram in the shape of a Paraguayan harp, unique in the series.
• Reverse dedicated to the Alto Paraná Atlantic Forest.
• Part of the first comprehensive redesign of the guaraní in more than sixty years.

Why reserve at Iberoamericana Banknotes

• Authenticity guaranteed with individual verification of each piece.
• Priority by order of reservation when stock arrives.
• Complete series of the six denominations, as well as individual sales.
• International shipping with tracking and protective packaging for uncirculated banknotes.
• Specialized attention from collectors for collectors.
• Updates as the BCP confirms the date, printing house, and mintage.

Reserve it now

The new 100,000 guaraníes banknote of Paraguay 2026 is going to be the most in-demand of the family, and for high denominations, uncirculated stock is always the first to sell out. Write to us via email or WhatsApp and we will include you in the reservation list, either for the single note or with the complete series of six banknotes.

You can see the set at The new Paraguay guaraní banknotes 2026 and the previous chapter of the series on the 50,000 guaraníes 2026 banknote, dedicated to the Speratti sisters.

Our Paraguay banknotes section is available by clicking here.