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