Guaraní is the base currency of Paraguay and is divided into 100 centimeters . This name is named after the native Paraguayan inhabitants of Guaraní Indians . This currency has been used since 1944 after the Paraguayan Peso. Between 1960 and 1982 the US dollar was equivalent to approximately 126 Guarani. There are four main units of Guarani: 50, 100, 500, 1000.