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Paraguay
Paraguayan Guarani (PYG)
Curiosities about the currency
The guaraní is the official currency of Paraguay and was created in 1943, although it began to circulate in 1944. Its symbol is ₲ and its ISO is PYG. Before, Spanish coins such as the peso or the real circulated in the country. The managing body of the currency is the Central Bank of Paraguay.
The current banknotes of Paraguay are 100,000, 50,000, 20,000, 10,000, 5,000, and 2,000 guaraníes. The last two are made of polymer, as they are among the most used by the population. All the obverses feature famous people and the reverses, monuments or important scenes.
The currencies of Paraguay in circulation are as follows: 50, 100, 500, and 1000 guaraníes. In the past, there were also Paraguayan currencies of 1, 5, and 10 PYG. The first two disappeared in 1993, while the third one did so in 1996.
The first Paraguayan guaraníes in circulation were resold foreign coins. Most came from Spain and other colonising empires. The own currency was not minted until the monetary reform of Higinio Morínigo, which stabilised savings in the country.
Both coins and banknotes incorporate texts and inscriptions in Spanish and Guaraní. The latter is used as a second official language in Paraguay and is part of the indigenous languages of the Southern Cone of America.
What do the banknotes/coins look like?
Front part
*The banknotes and coins correspond to the newest issued series and are for reference. Colours may vary and there may be more designs than those shown.
