The Paraguayan guaraní
The guaraní is the official currency of Paraguay since 1994 and it is divided into 100 cents.
In 1811 the currencies commonly used in Paraguay were Spanish coins such as the peso, the real or the cuartillo, minted in gold and silver. During the first years of independence, it was hard for the country to mint its own coins, so this is why currencies from other countries were used, just marked with a little stamp.
When Carlos Antonio López arrived to the power, they realized it was necessary to have a currency of their own. The law of 24th November 1842 provided the minting of coins up 30,000 pesos.
In 1963 the notes changed their look and denominations of 5,000 and 10,000 guaraníes were introduced. In 1990 notes of 50,000 and 100,000 were launched.
In 1995 brass coins of 50 and 100 guaraníes were introduced and in 1997, of the same material, 10 and 100 coins were issued. In 2000 the currencies of 500 guaraníes appeared and in 2007 those of 1,000.
The latest change was the incorporation of polymer banknotes in 2,000 notes, running from 10th November 2009.
Today we have currencies in circulation of 5, 10 and 50 cents, which would become 1, 2, 5, 10, 20, 50 and 100 new guaraníes, respectively.
Regarding banknotes, those in circulation are of 2,000, 5,000, 10,000, 20,000, 50,000 and 100,000 guaraníes.
Date of issue:
Central Bank of Paraguay
|Global Exchange||Your high-street bank|
|Variety of currencies||We have 43 currencies. We are specialists.||Only major currencies. Travel money is just a secondary business for banks.|
|Availability of currencies||Immediate availability of currencies in our branches. Click and collect.||If they can actually get your exotic currency, prepare for a couple of visits to your bank before you can have the money on your hands.|
|Expenses||We only charge the exchange rate, without commissions. If you book online you have the best price.||The bank sets its own margin plus a commission.|
|Different denominations available||At Global Exchange, you’ll get a variety of banknotes with different denominations, adapted to all your payment needs.||No. Prepare for refusals and complaints in foreign languages when paying with «big» banknotes abriad.|
|Delivery options||Order online to benefit from a price reduction and collect at Hong Kong airport.||You will have to visit your bank twice: once to order your currency and wait for it to come. The second visit to collect it. |