The Paraguayan guaraní ( plural: guaraníes; sign: ₲; code: PYG) is the national currency unit of Paraguay. The guaraní was divided into 100 céntimos but, because of inflation, céntimos are no longer in use.Banknotes have the denominations of 1, 5, 10, 50, 100, 500, 1000, 5000, 10000, 20000, 50000, 100000 Guarani, etc.On December 22, 2016, new 20,000, 50,000 and 100,000 notes were introduced with upgraded security.