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Guaran (Currency)The Guaran (plural: Guaranes; ISO 4217 code PYG) is the national currency unit of Paraguay. 1 Guaran is divided into 100 cntimos, although because of inflation, cntimos are no longer in use. A law creating the Guaran was passed on October 5, 1943, to replace the peso. Guaranes were first issued in 1944. The currency is named after one of Paraguay's indigenous tribes. From 1960 to 1982 the Guaran was pegged to the United States dollar at 126 PYG to 1 USD. On January 2, 2005, the currency was valued at 6,110 PYG to 1 USD. As of March 10, 2005, the currency is valued at 6,248 PYG to 1 USD. This makes the largest bill in circulation, 100,000 Guaranes worth only US$15. Coins in circulation: - 1 Guaran
- 5 Guaranes
- 10 Guaranes
- 50 Guaranes
- 100 Guranes
- 500 Guaranes
Banknotes in circulation: - 1,000 Guaranes
- 5,000 Guaranes
- 10,000 Guaranes
- 50,000 Guaranes
- 100,000 Guaranes
External link - Information about the Guaran (in Spanish): http://www.bcp.gov.py/webteso/tesoreria.htm
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