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LOCAL CURRENCY IN PARAGUAY

Need to know how much is your money worth in Paraguay? The local money in Paraguay is called Guaraní.

The Paraguayan Guaraní is issued and managed by the Banco Central del Paraguay. To find out the current currency exchange rates for guaraní to other major currencies of the world, click on foreign currency rates.

Paraguayan Currency Information
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The currency used in Paraguay is called as the Guaraní. This currency is denoted with the currency sign (? in unicode) and the ISO 4217 Code for the Paraguayan Guaraní is PYG. The Guaraní, is the official currency of the Paraguay . It is divided into 100 smaller units called céntimo because of inflation, céntimos are no longer in use..

The constitution of Paraguay provides that the Paraguay government shall have the power to print the Paraguayan Guaraní and céntimo because of inflation, céntimos are no longer in use. coins to be used as a legal tender in Paraguay. The Paraguayan Guaraní bank notes and Céntimo Because Of Inflation, Céntimos Are No Longer In Use. coins are both designated as "legal tender" in payment of debts.

The Paraguayan Guaraní bill uses the decimal system, consisting of 100 equal units.

The symbol (? in unicode), usually written before the numerical amount, is used for the Paraguayan Guaraní.

Currently printed bank notes denominations are 2,000, 5,000, 10,000, 20,000, 50,000 & 100,000 guaranies and the coins are minted in the denominations of 50, 100, 500 & 1,000 guaraníes .

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The Effect of Balance of Trade and Investment on Paraguayan guaraní
Financial analysts regularly cite the balance of trade and investment in Paraguay as the most important influence on the value of the Guaraní. The difference between what the Paraguay exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Guaraní exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Guaraní exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Paraguayan Guaraní.
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