Paraguay Currency: Your Complete Guide to the Currency in Paraguay (PYG)

Paraguay Currency: A Comprehensive Guide to the Currency of Paraguay

If you’re planning a trip to Paraguay, understanding the local currency is essential for a smooth and enjoyable experience. The official currency in Paraguay is the Paraguayan Guaraní (PYG).

Whether you’re exploring the stunning Iguazú Falls, discovering the history of Asunción, or immersing yourself in the vibrant local markets, knowing how to use and manage the currency of Paraguay will enhance your trip. This guide will help you navigate the Paraguayan Guaraní with ease.

What is the Currency of Paraguay?

The Paraguayan Guaraní (PYG) is the official currency of Paraguay. Often symbolized as “₲,” the Guaraní is subdivided into 100 céntimos, although céntimos are no longer in common use.

Banknotes and coins are widely used across the country for all transactions.

A Brief History of Paraguay Currency

The Paraguayan Guaraní was introduced in 1944, replacing the peso at the time. Named after the indigenous Guaraní people, the currency reflects Paraguay’s rich cultural heritage and has remained stable in recent years.

How to Recognise Paraguayan Currency Banknotes and Coins

The Paraguayan Guaraní is available in both coins and colorful banknotes, featuring historical figures and landmarks.

Banknotes:

• 2,000 Guaraníes
• 5,000 Guaraníes
• 10,000 Guaraníes
• 20,000 Guaraníes
• 50,000 Guaraníes
• 100,000 Guaraníes

Each banknote showcases important historical and cultural elements, such as national heroes and iconic Paraguayan sites.

Coins:

• 50, 100, 500, and 1,000 Guaraní coins

Coins are commonly used for small purchases, such as snacks, transportation, and items at local markets.

Why You Need Paraguay Currency During Your Trip

While credit and debit cards are accepted in urban centers and larger establishments, the Paraguayan Guaraní is essential for smaller transactions, particularly in rural areas. Here’s why carrying Paraguayan currency during your trip is beneficial:

Here’s why carrying Paraguay currency during your trip is beneficial:

• Cash-Friendly Economy: Many smaller businesses, local vendors, and transportation providers prefer cash payments.
• Tipping: Tipping is customary in Paraguay, particularly in restaurants and for local services, and is usually done in cash.
• Local Shopping: From artisan markets to street vendors, having Paraguay currency on hand makes transactions easier and faster.

Where to Use Paraguay Currency

• Restaurants: Most restaurants in Paraguay accept credit cards, but smaller cafes and local eateries may prefer cash.
• Public Transport: Payment for local buses, local transport and taxis often requires cash.
• Tourist Attractions: Entry fees for parks, museums, and activities like cultural tours or nature excursions are often paid in Paraguay currency, so carrying cash is recommended.

Travel Tips for Managing Currency in Paraguay

Here are a few tips to help you effectively manage your currency in Paraguay during your travels:

• Carry Small Bills: It’s helpful to carry smaller denominations for daily purchases, as some vendors may not have change for large notes.
• Stay Secure: Paraguay is generally a safe destination for travellers, but as with any destination, it’s wise to keep your cash secure in a money belt or hotel safe.

Common Questions about the Currency in Paraguay