what is the value of the currency in paraguay
126 PYG to 1 USD
title: Paraguayan guaraní text: Paraguayan guaraní The guaraní (, plural: "guaraníes"; sign: ₲; code: PYG) is the national currency unit of Paraguay. The guaraní was divided into 100 céntimos but, because of inflation, céntimos are no longer in use. The currency sign is . The law creating the guaraní was passed on 5 October 1943, and replaced the peso at a rate of 1 guaraní = 100 pesos. Guaraníes were first issued in 1944. Between 1960 and 1985, the guaraní was pegged to the United States dollar at 126 PYG to US$1. In 1944, aluminum-bronze coins were introduced in denominations of 1, 5, 10, title: Paraguayan guaraní text: (with N₲ as the currency sign, and only the old banknotes available, probably with three zeros crossed out manually), new banknotes with the lower value would be introduced, re-using the name guaraní (₲) for the lower value. However, due to possible confusion and problems with the projects, it is currently suspended. Paraguayan guaraní The guaraní (, plural: "guaraníes"; sign: ₲; code: PYG) is the national currency unit of Paraguay. The guaraní was divided into 100 céntimos but, because of inflation, céntimos are no longer in use. The currency sign is . The law creating the guaraní was passed on 5 title: Paraguayan peso text: 1923. In 1907, the Bank of the Republic issued notes for 5, 10, 50, 100 and 1000 pesos national money which were also denominated as 50 centavos, 1, 5 and 10 pesos in gold. Private banks such as "El Banco De Comercio" and "Lezica y Lanús" issued notes in Asunción. Paraguayan peso The peso was the currency of Paraguay between 1856 and 1944. It replaced the real at a rate of 8 reales = 1 peso. Until 1870, the peso was subdivided into 8 reales. Paraguay then decimalized, with 100 "centésimos" = 1 peso. The name of the subdivision was title: Economy of Paraguay text: The standard workweek is 48 hours. In 2004 Paraguay's unemployment rate stood at 15 percent. Paraguay's currency is the guarani (PYG). In mid-October 2005, US$1 equaled about PYG6155. Price inflation fell dramatically between 2003 and 2004, from 14.2 percent to a 30-year low of 4.3 percent. President's Duarte's economic reforms and austerity programs have produced results more rapidly than many expected. As of 2005, experts forecast that the inflation rate in Paraguay likely would rise in coming years but remain below 10 percent. Paraguay is a member of the Common Market of the South (Mercado Común del Sur or Mercosur). title: Paraguayan peso text: Paraguayan peso The peso was the currency of Paraguay between 1856 and 1944. It replaced the real at a rate of 8 reales = 1 peso. Until 1870, the peso was subdivided into 8 reales. Paraguay then decimalized, with 100 "centésimos" = 1 peso. The name of the subdivision was changed to "centavo" in 1874. The peso was replaced in 1944 by the "guaraní" at a rate of one hundred to one. In 1867, Paraguay issued its first gold coins, for 4 pesos, during the War of the Triple Alliance. Bronze coins were issued in 1870 in denominations of 1,