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.


Geography of Paraguay

Paraguay is divided by the Río Paraguay into the eastern region, called Eastern Paraguay (Paraguay Oriental) and known as the Paraná region; and the western region, officially called Western Paraguay (Paraguay Occidental) and also known as the Chaco. The country lies between latitudes 19° and 28°S, and longitudes 54° and 63°W. The terrain consists of grassy plains and wooded hills in the east. To the west, there are mostly low, marshy plains.


Politics of Paraguay

Politics of Paraguay takes place in a framework of a presidential representative democratic republic (whereby the President of Paraguay is both head of state and head of government) and of a multi-party system.