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Money
Currency: Guaraní (G). Notes are in denominations of G100,000, 50,000, 10,000, 5000 and 1000. Coins are in denominations of G500, 100, 50, 10 and 5.
Currency exchange: Paraguay maintains a free monetary exchange policy and the purchase and sale of foreign currencies is not subject to any controls or regulations. There is a bureau de change at the airport. US Dollars, which are more easily negotiable than Sterling, are widely accepted throughout the country. Paraguayan ATMs may not always recognise foreign cards.
Credit & debit cards: MasterCard, American Express and Visa are widely accepted (though not in smaller hotels), while Diners Club has more limited use. Check with your credit or debit card company for details of merchant acceptability and other services which may be available.
Travellers cheques: US Dollar travellers cheques are widely accepted although cheap hotels usually do not exchange travellers cheques.
Currency restrictions: There are no restrictions on the import or export of local or foreign currency.
Exchange rate indicators
The following figures are included as a guide to the movements of the Guaraní against Sterling and the US Dollar:
| Date | May ’02 | Aug ’02 | Nov ’02 | Feb ’03 | | £1.00= | 7337.51 | 9604.49 | 10698.2 | 11113.90 | | $1.00= | 5035.00 | 6315.00 | 6765.00 | 6980.00 |
Banking hours: Mon-Fri 0845-1500.
Copyright © 2003 Columbus Publishing Ltd.
Terms and Conditions apply.
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