Paraguayan peso

Paraguayan peso
peso paraguayo (Spanish)
Unit
Pluralpesos
Denominations
Subunit
1100centavo
Banknotes20, 50, 100, 200, 500, 1000 pesos
Coins50 centavos, 1, 2, 5, 10 pesos
Demographics
User(s)Paraguay
Issuance
Central bankBanco Central del Paraguay
 Websitewww.bcp.gov.py
This infobox shows the latest status before this currency was rendered obsolete.

The peso was the currency of Paraguay between 1856 and 1944. It replaced the real at a rate of 8 reales = 1 peso. Until 1870, the peso was subdivided into 8 reales. Paraguay then decimalized, with 100 centésimos = 1 peso. The name of the subdivision was changed to centavo in 1874. The peso was replaced in 1944 by the guaraní at a rate of one hundred to one.