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Guarani (currency) - Definition and Overview |
| Related Words: Blurb, Cash, Celebrity, Coin, Coinage, Commonality, Cry, Daylight, Dollars, Dough, Exposure, Fame |
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The Guaraní (plural: Guaraníes; ISO 4217 code PYG) is the national currency unit of Paraguay. 1 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.
As of January 2, 2005, the currency is valued at 6,110 PYG to 1 USD.
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
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