What is the currency of Paraguay?

The currency of Paraguay is the Paraguayan guaraní.

The guaraní became Paraguay’s currency in 1944, replacing the peso fuerte at a rate of 1 guaraní for 100 pesos fuertes. It is issued by the Central Bank of Paraguay and uses the international currency code PYG. The symbol ₲ is common, while “Gs.” is also frequently used in prices and financial writing.

The name comes from the Guaraní people and their language, which remain central to Paraguayan national identity. Paraguay is one of the few countries in the Americas where an Indigenous language has official status alongside Spanish, making the currency’s name especially significant.

The guaraní is technically divided into 100 céntimos, but inflation made céntimo coins impractical and they are no longer used in ordinary commerce. The currency’s plural form in Spanish is guaraníes, and modern banknotes circulate in denominations ranging from 2,000 to 100,000 guaraníes.