Paraguay consists of 17 departments (Spanish: departamentos; singular – departamento) and one capital district (distrito capital).
The currency of Paraguay is known as Guarani. Guarani was decided on October 5 1943 as the national currency of country, however, it was first issued in 1944. It was earlier divided in 100 centimes but when inflation hit the area centimes were finished. Aluminum and Bronze coins were introduced in 1944.
Paraguay is a landlocked country in South America. It is bordered by Argentina to the south and southwest, Brazil to the east and northeast, and Bolivia to the northwest.