The Currency:
For starters the currency here is in Guaraníes ( or PYG). The currency shares its name with the native South American Guarani people as well as the native Guarani language. Currently the exchange rate is about 4930 PYG/1 USD. To make things easier most people just round to 5mil per dollar. (Note that when I use mil it means thousand.)
Coins:
Coins come in denominations of 1, 5, 10, 50, 100, 500, and the newly released 1mil Gs. Although all of these are legal tender only the 100, 500, and 1 mil coins are used frequently due to inflation.
Banknotes:
Banknotes come in denominations of 1mil, 5mil, 10mil, 20mil, 50mil, and 100mil gs. Once again the 1 mil gs bill is falling out of use due to several factors. 1. the 1 mil gs. banknotes are aging and many are falling apart. 2. The recently issued 1 mil gs. coin is taking its place. 3. There are no plans for future production of 1 mil gs. banknotes.
I hope you all enjoyed this bit of info about the money here. If you want to suggest something else you´d like to hear about leave a comment. :D
P.S. Happy talk like a pirate day tomorrow.
Arrgh! Ye remembered, ye scurrvy dog!
ReplyDeleteMan, I was reading this and I was like "5 million!?! Holy carp" but then I saw that, apparently, thousand = million in Paraguay. Man, they crazy.
May you be touched by His Noodly Appendage on this holiest of days!
It´s because in spanish the word mil means 1000 (thousand) while the word millón means 1000000 (million)
ReplyDeletehey phill you think that when you come home you could bring some money for my dad he likes that stuff
ReplyDeletesounds like your having a fun time and i wish i was there.
U trilingual prirate you
you make a lot more sense than the site i was on when i was trying to figure all that out myself a while ago.. lol okay.. i have a question.. how much of a difference in price is there when it comes to buying clothing? or do you know?..
ReplyDelete