# Paraguayan guaraní > currency **Wikidata**: [Q207514](https://www.wikidata.org/wiki/Q207514) **Wikipedia**: [English](https://en.wikipedia.org/wiki/Paraguayan_guaraní) **Source**: https://4ort.xyz/entity/paraguayan-guarani ## Summary The Paraguayan guaraní (PYG) is the official currency of Paraguay, introduced in 1944 to replace the Paraguayan peso. It is issued by the Central Bank of Paraguay and is subdivided into 100 centésimos. The currency is named after the Guaraní people, Paraguay's indigenous population, reflecting the country's bilingual identity with Spanish and Guaraní as official languages. ## Key Facts - **Introduction**: Replaced the Paraguayan peso in 1944. - **Issuer**: Central Bank of Paraguay. - **Subdivision**: 100 centésimos. - **ISO Code**: PYG. - **Symbol**: ₲. - **Named After**: The Guaraní people, Paraguay's indigenous population. - **Country**: Paraguay. - **Replaces**: Paraguayan peso. - **Instance Of**: Currency. - **Manufacturer**: De La Rue, a British security printing company. - **Wikidata ID**: Q2346646. - **Wikipedia Title**: Paraguayan guaraní. - **Description**: Currency of Paraguay since 1944. - **Aliases**: Paraguayan guarani, Guarani (1944-date). - **Sitelink Count**: 51. ## FAQs **What is the Paraguayan guaraní?** The Paraguayan guaraní (PYG) is the official currency of Paraguay, introduced in 1944 to replace the Paraguayan peso. It is issued by the Central Bank of Paraguay and is subdivided into 100 centésimos. The currency is named after the Guaraní people, reflecting Paraguay's bilingual identity with Spanish and Guaraní as official languages. **When was the Paraguayan guaraní introduced?** The Paraguayan guaraní was introduced in 1944 to replace the Paraguayan peso. This change was part of Paraguay's efforts to modernize its financial system and align with international monetary standards. **Who issues the Paraguayan guaraní?** The Paraguayan guaraní is issued by the Central Bank of Paraguay, which is responsible for managing the country's monetary policy and ensuring the stability of the currency. **What is the subdivision of the Paraguayan guaraní?** The Paraguayan guaraní is subdivided into 100 centésimos, similar to many other currencies that use a decimal system for smaller denominations. **What is the ISO code for the Paraguayan guaraní?** The ISO code for the Paraguayan guaraní is PYG, which is used in international financial transactions and financial systems. **What is the symbol for the Paraguayan guaraní?** The symbol for the Paraguayan guaraní is ₲, which is used to denote the currency in financial transactions and communications. **Why is the Paraguayan guaraní named after the Guaraní people?** The Paraguayan guaraní is named after the Guaraní people, Paraguay's indigenous population, reflecting the country's bilingual identity with Spanish and Guaraní as official languages. This naming choice honors Paraguay's cultural heritage and diversity. **What replaced the Paraguayan peso?** The Paraguayan peso was replaced by the Paraguayan guaraní in 1944. This change was part of Paraguay's efforts to modernize its financial system and align with international monetary standards. **Who manufactures the Paraguayan guaraní?** The Paraguayan guaraní is manufactured by De La Rue, a British security printing company known for producing secure documents such as banknotes and passports. **What is the Wikidata ID for the Paraguayan guaraní?** The Wikidata ID for the Paraguayan guaraní is Q2346646, which is used to reference the currency in knowledge graphs and databases. ## Why It Matters The Paraguayan guaraní plays a crucial role in Paraguay's economy and financial system. As the official currency, it facilitates trade, investment, and economic stability within the country. The introduction of the guaraní in 1944 was a significant step in modernizing Paraguay's financial infrastructure and aligning with international monetary standards. The currency's naming after the Guaraní people reflects Paraguay's commitment to its bilingual identity and cultural heritage. Additionally, the manufacturing of the guaraní by De La Rue ensures the security and authenticity of the currency, preventing counterfeiting and fraud. The Paraguayan guaraní is a vital component of Paraguay's economic and financial landscape, supporting its growth and development. ## Notable For - Being the official currency of Paraguay since 1944. - Being named after the Guaraní people, reflecting Paraguay's bilingual identity. - Being issued by the Central Bank of Paraguay, ensuring monetary stability. - Being subdivided into 100 centésimos, similar to many other currencies. - Having the ISO code PYG, used in international financial transactions. - Having the symbol ₲, used to denote the currency in financial communications. - Being manufactured by De La Rue, a British security printing company. - Having a Wikidata ID of Q2346646, used in knowledge graphs and databases. - Being a key component of Paraguay's economic and financial system. ## Body ### Introduction and History The Paraguayan guaraní (PYG) was introduced in 1944 to replace the Paraguayan peso. This change was part of Paraguay's efforts to modernize its financial system and align with international monetary standards. The currency is named after the Guaraní people, Paraguay's indigenous population, reflecting the country's bilingual identity with Spanish and Guaraní as official languages. ### Issuer and Management The Paraguayan guaraní is issued by the Central Bank of Paraguay, which is responsible for managing the country's monetary policy and ensuring the stability of the currency. The Central Bank plays a crucial role in maintaining the value and integrity of the guaraní, supporting Paraguay's economic stability and growth. ### Subdivision and Symbol The Paraguayan guaraní is subdivided into 100 centésimos, similar to many other currencies that use a decimal system for smaller denominations. The symbol for the Paraguayan guaraní is ₲, which is used to denote the currency in financial transactions and communications. ### ISO Code and International Recognition The ISO code for the Paraguayan guaraní is PYG, which is used in international financial transactions and financial systems. This code ensures that the currency is recognized and accepted globally, facilitating trade and investment. ### Naming and Cultural Significance The Paraguayan guaraní is named after the Guaraní people, Paraguay's indigenous population, reflecting the country's bilingual identity with Spanish and Guaraní as official languages. This naming choice honors Paraguay's cultural heritage and diversity, emphasizing its commitment to multilingualism and cultural preservation. ### Manufacturing and Security The Paraguayan guaraní is manufactured by De La Rue, a British security printing company known for producing secure documents such as banknotes and passports. De La Rue's expertise in security printing ensures the authenticity and security of the guaraní, preventing counterfeiting and fraud. ### Wikidata and Knowledge Graphs The Paraguayan guaraní has a Wikidata ID of Q2346646, which is used to reference the currency in knowledge graphs and databases. This ID ensures that the currency is accurately represented and accessible in various knowledge systems and platforms. ### Economic and Financial Role The Paraguayan guaraní is a key component of Paraguay's economic and financial system. It facilitates trade, investment, and economic stability within the country, supporting its growth and development. The currency's introduction in 1944 was a significant step in modernizing Paraguay's financial infrastructure and aligning with international monetary standards. ### Related Entities The Paraguayan guaraní is related to several other entities, including the Central Bank of Paraguay, De La Rue, and the Guaraní people. These entities play crucial roles in the issuance, manufacturing, and cultural significance of the currency, ensuring its stability and relevance in Paraguay's economy and society. ## References 1. Freebase Data Dumps. 2013 2. [Source](https://www.cambioschaco.com.py/) 3. GF WordNet