Paraguayan Guarani in Peruvian Sol

PYG Paraguayan Guarani

Country of application:
Paraguay

Coin denominations in circulation:
50, 100, 500, 1000 Guarani.

Denominations of banknotes in circulation:
2,000, 5,000, 10,000, 20,000, 50,000 and 100,000 Guarani.

History reference:
The Paraguayan Guarani (Guarani) has been the national currency and money of the Republic of Paraguay since 1944. Centimo tokens have not been issued since 1954 and are not used in cash circulation d...ue to their extremely low purchasing power due to chronically high inflation. The name Guarani comes from the eponymous group of Indian peoples living in Paraguay and partly in neighboring states. The origin of the word "Guarani" is still controversial. According to one version, translated from the dialect of the Tupi people, “Guarani” means “warrior”. The term was used by the first Jesuit missionaries to name the Indians who converted to Catholicism. The rights of the emission center belong to the Central Bank of Paraguay, founded in 1952.

PEN Peruvian Sol

Country of application:
Peru

Coin denominations in circulation:
10, 20, 50 sentimo, 1, 2, 5 salts.

Denominations of banknotes in circulation:
10, 20, 50, 100 salts.

History reference:
The Peruvian Sol is the national currency of the Republic of Peru. Sol was introduced on February 14, 1863 as a result of a monetary reform to replace the old Spanish monetary system with a new natio...nal Peruvian one. Prior to that, from 1858 to 1863, Republican Peru issued denominations in reals, centavos and escudos. A decimal system was introduced, 1 new sol was equal to 10 old reais. Salt also replaced the Bolivian peso, which was common in the south of Peru, the exchange was made at the rate of 1.25 pesos per 1 new Peruvian salt. Initially, the new currency was pegged to the French franc: 1 sol was equal to 5 francs, about five sols were equal to the British sovereign.