Paraguayan guaraní

Encyclopedia : P : PA : PAR : Paraguayan guaraní

The guaraní (plural: guaraníes; ISO 4217 code PYG) is the national currency unit of Paraguay. The guaraní was divided into 100 céntimos, but because of inflation, céntimos are no longer in use.

A law creating the guaraní was passed on 5 October 1943, to replace the peso at a rate of 1 guaraní = 100 pesos. Guaraníes were first issued in 1944. The currency is named after one of Paraguay's indigenous tribes. From 1960 to 1982 the guaraní was pegged to the United States dollar at 126 PYG to 1 USD.

Coins

• 1 guaraní
• 5 guaraníes
• 10 guaraníes
• 50 guaraníes
• 100 guraníes
• 500 guaraníes

Banknotes

• 1,000 guaraníes
• 5,000 guaraníes
• 10,000 guaraníes
• 50,000 guaraníes
• 100,000 guaraníes

External links

• [Central Bank of Paraguay]
• [Coins]
• [Banknotes]