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.

Paraguay — Festivals and Events

Even though Paraguay maintains a strong indigenous culture with its descendants of the Guirani people, the Spanish Empire left its mark on the region and 90 percent of the population are practicing Roman Catholics. This is evident in the traditional Catholic festivals, such as Dia de San Blas and the largest festival in Paraguay, Carnival.