What is the national currency of Paraguay?
Economy of Paraguay The standard workweek is 48 hours. In 2004 Paraguay's unemployment rate stood at 15 percent. Paraguay's currency is the guarani (PYG). In mid-October 2005, US$1 equaled about PYG6155. Price inflation fell dramatically between 2003 and 2004, from 14.2 percent to a 30-year low of 4.3 percent. President's Duarte's economic reforms and austerity programs have produced results more rapidly than many expected. As of 2005, experts forecast that the inflation rate in Paraguay likely would rise in coming years but remain below 10 percent. Paraguay is a member of the Common Market of the South (Mercado Común del Sur or Mercosur).
Coat of arms of Paraguay Spanish for, "PEACE AND JUSTICE"). While probably most prominent on the reverse of the national flag, the reverse of the seal is also used by the Supreme Court of Paraguay, and is featured alongside the obverse on banknotes of the national currency, the guaraní. The first design of the coat of arms dates to the year 1820, from the time of the dictatorship of Francia. Coat of arms of Paraguay The national coat of arms or national seal of Paraguay ("Escudo de Armas") or ("Sello Nacional") has the following construction: The obverse of the arms features a round white background