Paraguayan guarani

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Guaraní
Country: ParaguayParaguay Paraguay
Subdivision: 100 céntimos
ISO 4217 code : PYG
Abbreviation: Gs, ₲
Exchange rate :
(29 Mar 2020)

1  EUR  = 7,304.2 PYG
1,000 PYG = 0.13691 EUR

1  CHF  = 6,794.6 PYG
1,000 PYG = 0.14717 CHF

₲

The (Paraguayan) Guaraní (plural: Guaraníes ) has been the currency of Paraguay since October 5, 1943 and is named after the indigenous people of the same name . The guaraní is the official currency, but goods of higher value (imported goods such as cars, PCs, cameras, or real estate) are often denominated in US dollars or, to a very limited extent, in eurosacted. Many ATMs also offer the option of withdrawing or depositing in Guaraníes or US dollars. Credit card payments are made in Guaraní, other invoices can also be issued in other currencies. The Paraguayan central bank publishes daily (Mon-Fri) a list of the official exchange rates of the guaraní to the most important international currencies, special drawing rights and one troy ounce of gold . Currencies that were absorbed into the euro on January 1, 2002 are valued in accordance with the relationship to the US dollar at that time.

Banknotes

Front 10,000 Guaraníes note
Back 10,000 Guaraníes note

At the moment (2011) banknotes of the following face value are in circulation:

  • 100,000 PYG
Color: greenish
Front: San Roque González de Santa Cruz
Back: Represa de Itaipú
  • 50,000 PYG
Series D and following
Color: multicolored (mostly orange, green and blue)
Front: Agustín Pío Barrios
Back: detail of a guitar
Before the issue of series C, part of this series was stolen in 2006 while being transported from the Oberthur printing works in Paris to Paraguay. There were six boxes with a total of 250,000 banknotes, a value of about 2.3 million US dollars at the time. The entire series C was then declared invalid. Shortly afterwards, modified Series C notes appeared, which, due to small changes, looked confusingly similar to Series B. A series D was then issued with a completely different design. Series A and B notes with the motif of the Paraguayan soldier lost their validity in payment transactions on October 5, 2009. They could be exchanged at the branches of the central bank or the Banco Nacional de Fomento until October 4, 2012, before they lost their face value.
  • 20,000 PYG
Color: blue turquoise
Front: Mujer Paraguaya (Paraguayan woman)
Back: Banco Central del Paraguay (headquarters of the Paraguayan Central Bank)
  • 10,000 PYG
Color: brown
Front: Dr. José Gaspar Rodríguez de Francia
Reverse: 14 de Mayo 1811 (day of Paraguay's declaration of independence)
  • 5,000 PYG
Color: orange-red
Front: Don Carlos Antonio López
Back: Palacio de los López (Presidential Palace in Asunción )
The Paraguayan central bank announced on April 17, 2009 that 40,000 banknotes were stolen from the Giesecke & Devrient printing company to Paraguay, presumably during the ship's passage from Europe to Buenos Aires . The E series was nonetheless put into circulation by the central bank. The newer banknotes (since 2011) are polymer banknotes like the 2000 ₲ notes .
  • 2,000 PYG
Colors: multicolored (predominantly pale purple, yellow and green)
Front: Adela and Celsa Speratti (two Paraguayan teachers of the 19th century)
Back: a group of men carrying national flags
On December 11, 2009, the first notes with the previously non-existent face value of 2,000 guaraníes were issued. For the first time in Paraguay, the note is a polymer banknote . With this material, the central bank hopes that it will have to replace the notes with new ones less often. However, a similar attempt in neighboring Brazil with a 10 reais note failed.

All notes have a uniform format of approx. 157 mm × 67 mm and thus roughly the format of the US dollar . Notes of different series usually differ slightly from one another (e.g. slight change in the motif or the security label). The numbering consists of a letter indicating the series and an eight-digit number. The notes are almost exclusively labeled in Spanish . In addition to a numerical value (e.g. 50000), the nominal value is also given alphanumerically (e.g. 50 MIL) and in words (on the front in Spanish, on the back in the second official language, guaraní ).

Since the vast majority of transactions take place with cash, parts of the population do not have a wallet and the notes are treated with little care (e.g. crumpled, folded several times, labeled, sweaty), the banknotes are often in a poor condition.

Bills with a face value of 1,000 PYG (purple, front with the image of Mcal. Francisco Solano López , back with the image of the Panteón Nacional de los Héroes in Asunción) are no longer valid and could only be exchanged at the central bank until January 5, 2014 become.

Coins

Obverse 1000 Guaranies coin
Revers 1000 Guaraníes coin

At the moment (2011) coins of the following face value are in circulation:

  • 1,000 PYG
Obverse : Panteón Nacional de los Héroes (Heroes Pantheon in Asunción)
Revers : Mcal. Francisco Solano López
  • 500 PYG
Obverse: Headquarters of the Paraguayan central bank
Reverse: Grail. Bernardino Caballero
  • 100 PYG
Obverse: Ruinas de Humaitá
Reverse: Grail. José E. Díaz
  • 50 PYG
Obverse: Represa de Acaray
Revers: Mcal. José Félix Estigarribia

On the obverse (“front”), in addition to the respective image, there is the text “BANCO CENTRAL DEL PARAGUAY” and the nominal value in numbers including the currency denomination (1000 is denoted by 1 MIL). All coins bear the text “REPUBLICA DEL PARAGUAY” on the reverse (“back”) except for a bust with name and the year of issue, the coins for 500 and 1000 PYG also have the face value in words in Guaraní .

Prices are usually rounded to 50 PYG, and often to 100 or 500 PYG due to the chronic lack of change.

Coins issued before 2006 are no longer valid and could only be exchanged at the central bank until January 6, 2014.

Subdivision

Historic 100 Guaraníes note

The division of the guaraní into 100 céntimos is still valid, but has lost its meaning in real payment transactions due to its low value. In rare cases e.g. B. in cell phone billing, the subdivision still appears.

With the deletion of three zeros originally planned for 2011, the Guaraní should also be subdivided again in everyday use. However, the central bank used the term Centavo in the related press release , which was used for the hundredth part of the Paraguayan peso until 1943.

Changeover

As the central bank announced on October 21, 2009, three zeros were to be deleted by 2011, but the project was later put on hold. The currency should be called “Nuevo Guaraní” for a transition period of two years in order to differentiate between new and old notes and coins. After that, the idea of ​​the central bank should be reverted to the old name. To get used to it, the last three zeros on the notes have been replaced by the word mil (Spanish for 'thousand') for several years . The changeover is primarily expected to make bookkeeping easier, since even small and medium-sized companies nowadays run into millions and billions.

The central bank emphasized that the changeover is not due to inflation, but is expected in a context of macroeconomic stability. It is intended to essentially retain the current design of the notes and coins.

Individual evidence

  1. ↑ https://www.bcp.gov.py/webapps/web/cotizacion/monedas
  2. ↑ http://www.bcp.gov.py/index.php?option=com_content&task=view&id=356&Itemid=1
  3. ↑ http://www.bcp.gov.py/index.php?option=com_content&task=view&id=667&Itemid=1
  4. ↑ http://www.bcp.gov.py/Noticias/bnfbillete50mil.pdf
  5. ↑ http://www.bcp.gov.py/index.php?option=com_content&task=view&id=538&Itemid=1
  6. ↑ [1] Central Bank Announcement of December 24, 2009. Retrieved December 25, 2009.
  7. ↑ [2] Central Bank Notice of December 24, 2009. Retrieved December 25, 2009.
  8. ↑ http://www.bcp.gov.py/index.php?option=com_content&task=view&id=676&Itemid=1
  9. ↑ http://www.abc.com.py/nacionales/sin-los-tres-ceros-del-guarani-525579.html

literature

Web links