Asuncion is the capital of Paraguay

Asuncion, city and capital of Paraguay, occupying a promontory and descending to the Paraguay River near its confluence with the Pilcomayo. The city lies 175 feet (53 metres) above sea level.

Currency of Paraguay

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.