Paraguayan Guaraní · PYG
₲ symbol · 1 country currently using this currency.
Currency info
Adopted: 1943
Currency family: Other
The Paraguayan Guaraní is one of the few currencies named after an indigenous people rather than a colonial power or geographic feature.
- Replaced the Paraguayan peso in 1943 as the official currency
- Named after the Guaraní people, the indigenous inhabitants of Paraguay
- Experienced significant devaluation during the 1980s and 1990s due to economic instability
- Pegged to the US dollar from 1989 to 1992, then transitioned to a floating exchange rate
Countries currently using this currency
Related
Other Other currencies
Historical predecessor
Paraguayan peso