The
US dollar is paid when it opens at 6,966.26 Guarani, which means that when it closed at 6,843.01 Guarani, it rose 1.8% compared to the previous day.
Compared to last week, the US dollar decreased by 0%. Last year, however, it was still up 4.57%. Comparing the value to the previous date is reduced by the execution of negative quotes in the last two sessions.Last week's volatility was clearly higher than the volatility reflected in last year's data, indicating a greater change than the general value trend.
In theannual photo, the US dollar was paid at a maximum of 7,093.80 Guarani, with a minimum level of 6,759.87 Guarani. The US dollar is closer to its value than its lowest.
The currency of Paraguayan Guarani
is a legal tender for Paraguay and was created in 1943, setting a record for being one of the oldest coins in Latin America.
Initially, it was divided into 100 cents, but due to inflation, cents are no longer used. For abbreviations, the PYG abbreviation is commonly used.
On October 5, 1943, a decree was proclaimed establishing an organic monetary system for the Republic of Paraguay, which seeks to ensure and strengthen stability, and reaffirm its monetary independence and sovereignty. This decision also replaced the Paraguayan peso.
At that time, Guarani was equivalent to 100 Paraguayan pesos and was changed to cents.
Banknotes and coins of the new denomination have been in circulation since 1944, and their issuance is currently regulated by the Central Bank of Paraguay.
However, by 1998, the first 100,000 Guarani banknotes were finally in circulation, which is today the highest value banknote. At the beginning of 2020, these tickets were worth about 16 dollars or 14 euros.
Currently, there are also coins of 50, 100, 500 and 1,000 Guarani, which differ in size from banknotes of 20,000 and 2000 Guarani.
Among the debates surrounding the Paraguayan currency is a plan for 2009, in which it was proposed to remove three zeros for Guarani, also called the “new Guarani”, but in 2013 a contradictory project was revealed. Both projects were suspended.
In the economic sphere, Paraguay experienced great growth, up 4.6% in 2021, despite the coronavirus pandemic. In addition, the Economic Commission for Latin America and the Caribbean (ECLAC) points out that the gross domestic product (GDP) could increase by up to 3.8%.
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Agencies