What is the name of the currency used in Paraguay?

The guaraní is the national currency unit of Paraguay. The guaraní was divided into 100 cents but, because of inflation, cents are no longer in use.

The law creating the guaraní was passed on 5 October 1943, and replaced the peso at a rate of 1 guaraní = 100 pesos. Guaraníes were first issued in 1944. The first guaraní notes were of 50 cents, 1, 5, and 10 guaraní overstamped (marked upon existing pesos notes) on 50, 100, 500, and 1000 pesos in 1943. Regular guaraní notes for 1, 5, 10, 50, 100, 500 and 1,000 guaraní, soon followed.

Current guarani notes are those valued: 2 000, 5 000, 10 000, 20 000, 50 000 and 100 000; and coins are those valued 50, 100, 500 y 1 000 guaraníes.

On November 10th, 2019 the exchange rate was:

1 USD = 6 435 PYG

1 EUR = 7 125 PYG