Guaraní (currency)

From Freepedia

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

A law creating the guaraní was passed on October 5, 1943, to replace the peso. 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.

On January 2, 2005, the currency was valued at 6,110 PYG to 1 USD. As of March 10, 2005, the currency is valued at 6,248 PYG to 1 USD. This makes the largest bill in circulation, 100,000 Guaraníes worth only USD $15.

Coins in circulation:

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

Banknotes in circulation:

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

Current PYG exchange rates

AUD | CAD | EUR | GBP | INR | NZD | USD

External link

• Information about the guaraní (in Spanish)

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Currencies of The Americas
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South	Argentine peso | Bolivian boliviano | Brazilian real | Chilean peso | Colombian peso | Euro (French Guiana) | Falkland pound | Guyanese dollar | Paraguayan guaraní | Peruvian nuevo sol | Suriname dollar | US dollar (Ecuador) | Uruguayan peso | Venezuelan bolívar </table>