Paraguayan Guarani

The Paraguayan guarani is the currency of Paraguay. The banknotes have both a paper banknote and polymer (plastic) banknote series in circulation. The Banco Central del Paraguay (CBP) is responsible for issuing the Paraguayan banknotes. Guarani is named after the indigenous group of people in South America who lived in what is now Paraguay, the guarani people. The currency has been pegged to several others in the past, however it is a free floating currency today.