What Is the Currency of Paraguay? – All About the Paraguayan Guarani (PYG)

💰 Official Currency of Paraguay

The official currency of Paraguay is the Paraguayan Guarani (PYG).
Its international currency code is PYG.

Guarani is the only legal tender in Paraguay. The US dollar (USD) is sometimes accepted for commercial transactions and large payments, but the primary currency for everyday expenses is Guarani.

🏛️ A Brief History of the Paraguayan Guarani

The Paraguayan Guarani has been the country’s official currency since 1944. It is named after the Guaraní, the indigenous people of Paraguay.

Managed by the Central Bank of Paraguay (Banco Central del Paraguay), the Guarani has been a cornerstone of the nation’s economic structure for decades. It is considered one of the oldest local currencies in Latin America.

💹 Paraguayan Currency Abbreviations and Symbols

• Currency: Paraguayan Guarani

• Abbreviation: PYG

• Symbol: ₲

• Subunit: Officially centésimo, but rarely used in practice

In Paraguay, prices are usually expressed in thousands or millions.

💱 Banknotes and Coins of Paraguay

📌 Banknotes

The following Guarani banknotes are in circulation:

• 2,000 ₲

• 5,000 ₲

• 10,000 ₲

• 20,000 ₲

• 50,000 ₲

• 100,000 ₲

📌 Coins

Coins are used less frequently:

• 50 ₲

• 100 ₲

• 500 ₲

• 1,000 ₲

Banknotes are more commonly used in daily transactions.

💸 Can You Send Money from Turkey to Paraguay?

Yes.

With PayPorter, sending money from Turkey to Paraguay is fast, secure, and cost-effective.

Thanks to PayPorter’s international transfer infrastructure, money sent to bank accounts in Paraguay reaches the recipient quickly.

🔹 PayPorter Advantages

• Low transaction fees

• Fast transfer process

• Secure and licensed platform

• Money transfers to over 185 countries

You can visit our relevant page to send money from Turkey to Paraguay.

🌍 Can Paraguayan Currency Be Used in Turkey?

No.
The Paraguayan Guarani is not used in Turkey and is rarely available at exchange offices.

For transactions involving Paraguay, USD or Euro is generally preferred.
Additionally, money can be safely transferred from Paraguay to Turkey via PayPorter.

💡 Interesting Facts About the Paraguayan Currency

• The Guarani is one of the oldest local currencies in Latin America.

• Prices in Paraguay are often expressed in large nominal amounts.

• Coins are limited in use.

• Cash usage remains very high.

• The US dollar is commonly accepted for large commercial transactions.

❓ Frequently Asked Questions About the Paraguayan Currency (FAQ)

What is the official currency of Paraguay?

The official currency is the Paraguayan Guarani (PYG).

Is the US dollar accepted in Paraguay?

It is not the official currency, but may be accepted in some businesses and for large transactions.

Is there only one currency used in Paraguay?

Yes. The only legal tender is the Guarani.

Can I send money from Turkey to Paraguay?

Yes. You can make fast and secure transfers via PayPorter.

Is credit card usage common in Paraguay?

It is widespread in major cities and tourist areas, while cash is preferred in rural regions.

Can I withdraw money from ATMs in Paraguay?

Yes. Most ATMs accept international cards; fees vary depending on the bank.

Last Uptade: January 2026

This content is provided for general informational purposes only and does not aim to cover all aspects of the topics discussed. The information herein should not be considered a substitute for advice from a qualified professional. Nothing in this publication should be interpreted as legal, tax, or professional advice provided by PayPorter or its affiliates. While we strive to keep our content accurate and up to date, we make no representations or warranties regarding the completeness, accuracy, or timeliness of the information provided.