Paraguayan real
The real was the currency of Paraguay until 1856. Initially, the Spanish colonial real circulated. This was followed, in 1813, by the Argentine real. In 1845, Paraguay began issuing its own reales. Sixteen silver reales equaled one gold escudo. In 1856, the Paraguayan peso was introduced, worth 8 reales. The real continued to circulate as the subdivision of the peso until 1870, when Paraguay decimalized.
The only coin issued for Paraguay in this currency was a copper 1⁄12 real piece, struck in 1845. These coins were devalued to 1⁄24 real in 1847.
References
- Krause, Chester L.; Clifford Mishler (1991). Standard Catalog of World Coins: 1801–1991 (18th ed.). Krause Publications. ISBN 0873411501.
This article is issued from Wikipedia - version of the 6/13/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.