The real was the currency of

Paraguay Paraguay (; ), officially the Republic of Paraguay ( es, República del Paraguay, links=no; gn, Tavakuairetã Paraguái, links=si), is a landlocked country in South America. It is bordered by Argentina to the south and southwest, Brazil to th ...

until 1856. Initially, the

Spanish colonial real The silver real ( es, real de plata) was the currency of the Spanish Empire, Spanish colonies in America and the Philippines. In the seventeenth century the silver real was established at two Spanish real, billon reals (''reales de vellón'') o ...

circulated. This was followed, in 1813, by the

Argentine real The real was the currency of Argentina until 1881. From 1822, it was subdivided into 10 ''décimos''. The sol was also issued during this period and was equal to the real, whilst the peso was worth 8 reales and the escudo was worth 16 reales. ...

. 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 real piece, struck in 1845. These coins were devalued to real in 1847.

References

* Modern obsolete currencies 1856 disestablishments 19th-century economic history Currencies of Paraguay History of Paraguay {{Paraguay-stub