A paper sheet conveying device is equipped with a conveying path (2) formed of a large number of conveying roller pairs and a controlling section for detecting the position of the paper sheet being conveyed and controlling the operation of the conveying rollers. The conveying path (2) is composed of a first-half conveying path (2A) and a last-half conveying path (2B). The first-half conveying path (2A) has a first-half driving mechanism for controlling the rotational speed of the lower conveying rollers and a first-half vertically moving mechanism for vertically moving the upper conveying rollers. The last-half conveying path (2B) has a last-half driving mechanism for controlling the rotational speed of the lower conveying rollers and a last-half vertically moving mechanism for vertically moving the upper conveying rollers. The controlling section is configured so as to control the first-half driving mechanism, the first-half vertically moving mechanism, the last-half driving mechanism and the last-half vertically moving mechanism depending on the position of the paper sheet being conveyed.