Paraguay ready for redenomination

The Banco Central de Paraguay has stated it's ready for the redenomination of the national currency by eliminating three zeros when Congress approves it.

The nation has been preparing for this move with the value on the current series of banknotes being shown as for instance "20 mil" instead of "20,000". The new banknotes would only have to drop the "mil" or get stamped over to be able to keep on using them.

Steven Wednesday 08 March 2017 at 10:32 am | | news
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