PARAGUAY: OPEN FOR BUSINESS

The Paraguayan currency, the Guarani, has long been the butt of jokes. But so far this year it has appreciated more than 25% against the dollar over the past year. Paraguay is a dual currency country. Day-to-day business in Paraguay is in Guaranies, but most higher-priced items are tagged in US dollars. ATM machines pay out both currencies.

As somebody told me last month, in Paraguay “everything is virgin.” That is the reason for investing in Paraguay right now. There is lots of opportunity in all areas. But our prediction is that for the next decade or so, natural resources will be the driving force in the economy.

How to invest in Paraguay? Coming soon. Add this site to your RSS feed to receive regular updates as we upload new material.

Tags: banking, cash, Guarani, PYG