PARAGUAY

(PYG) Currency News >>

CURRENCY:

Guaraní - PYG, Symbol Gs

DENOMINATIONS:

NOTE: Gs100,000, 50,000, 20,000, 10,000, 5,000 and 1,000.

COIN: Gs500, 100, 50, 10 and 5.

US DOLLAR ACCEPTED?

Yes, widely

CREDIT/DEBIT CARDS AND ATMS:

Most major credit cards are accepted. NOTE: You will need ID when buying anything with a credit card. ATM machines are widely available.

CURRENCY EXCHANGE:

This service is available at bureaux de change.

TRAVELLER'S CHEQUES:

Not recommended as these are not accepted much.

BANKING HOURS:

Mon-Fri 0845-1500

CURRENCY RESTRICTIONS:

No restrictions.

COUNTRY OVERVIEW:

Paraguay is officially called the Republic of Paraguay and it is located in South America. It does not have any coastlines. The capital is Asuncion and the official languages are Spanish and Guarani.

POPULATION:

Around 6 million.

ECONOMY:

Paraguay is described as a developing economy. For those who like to live cheap - the capital city is ranked as the cheapest place to live, and has been for five years running! However, it is the second poorest country in South America and a proportion of the population rely on subsistence agriculture.