About the Paraguayan Guarani
The Guarani was introduced in 1943, replacing the Peso at a rate of 1 Guarani = 100 Pesos. It is named after the indigenous Guarani people of Paraguay.
The currency is named after the indigenous Guarani people of South America, who are also an official language group in Paraguay.
Interesting Facts
Named After Indigenous People
The Guarani is named after the native indigenous people of Paraguay, a testament to the country's unique cultural heritage.
No Centavos in Circulation
Due to inflation, the centavo (subunit) coins are no longer in circulation, and the smallest unit in practice is the 50 Guarani coin.
Hydroelectric Powerhouse
Paraguay is one of the world's largest exporters of hydroelectric power, particularly from the Itaipu Dam, which significantly contributes to its economic stability and the Guarani's value.
Historical Timeline
The Guarani is introduced.
The Central Bank of Paraguay is established.
Denominations
Banknotes
Coins
Security Features
Quick Facts
- ISO Code
- PYG
- Symbol
- ₲
- Numeric Code
- 600
- Subunit
- Céntimo (1/100)
- Introduced
- 1943-01-01
Central Bank
- Name
- Central Bank of Paraguay
- Headquarters
- Asunción, Paraguay
- Founded
- 1952
- Current Governor
- Carlos Carvallo Spalding (since 2023)
Economic Data
- Reserve Currency Share
- 0.0%
- Forex Volume Share
- 0.0%
- Inflation Rate
- 4.0%
- Interest Rate
- 6.00%
Exchange Rates
What Affects the PYG Exchange Rate?
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