Paraguayan Guarani Currency | Paraguay Guarani

Paraguayan Guarani

Paraguayan Guarani Currency:

The guarani is the official currency of Paraguay.  It is divided into 100 centimos.  Centimos are no longer used because of inflation. On 5 October 1943, guarani was introduced which replaced by the peso at a rate of 1 guarani= 100 pesos. Guaranies were first issued in 1944. The guarani was pegged to the United States dollar at 126 PYG to 1USD in between 1960 and 1985.

In 1944, aluminum –bronze coins were introduced in denominations of 1, 5, 10, 25 and 50 centimos. The second issue of coins consisted of 10, 15, 25 and 50 centimo coins introduced in 1953. The denominations of 1, 5, 10 and 50 guaranies coins were introduced in 1975.  100 guaranies were introduced in 1990 and 500 guaranies in 1997. 1000 guaranies coins were printed in 2006 and released in 2007.

In 1990, 50,000 guaranies notes were issued and 100,000 guaranies issued in 1998.  20,000 guarani notes were introduced in 2004. A new 5,000 guaranies note has been released. On January 14, 2013; 5000 guarani note was put into circulation.  New 20,000, 50,000 and 100,000 notes were introduced on 22 December 2016.

Paraguayan Guarani

Paraguayan Guarani (Paraguay):

Code: PYG

Subunit        

1/100= centime (because of inflation, céntimos are no longer in use)

Symbol: ₲ (₲ in unicode)

Banknotes   

2,000, 5,000, 10,000, 20,000, 50,000 & 100,000 PGY

Coins 

50, 100, 500 & 1,000 guaraníes

Central bank:         

Banco Central del Paraguay

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