When first issued, coins were round and made of aluminum and bronze in denominations of 1, 5, 10, 25 and 50. 1, 5, 10 and 25 coins featured a flower, the date minted and the denomination, while 50 guaranĂ coins featured the lion and liberty cap insignia as well as the date minted and the denomination. The second issue of the coin came about in 1953, changing the coins from round to scalloped and featuring the lion and liberty cap. The 1 and 5 guaranĂ coins were discontinued. Today, guaranĂ coins are made of brass plated steel nickel-brass and come in denominations of 1, 5, 10, 50, 100, 500 and 1000.
Due to Paraguayâ's political corruption, the guaranĂ has been subject to extreme inflation and has consistently depreciated in value relative to every other major currency. Paraguay is also mainly an agricultural country, making their primary export subject to weather and thereby causing extreme fluctuation in the yearly income of the country. In 2011, the Paraguayan government plans to revalue the guaranĂ as a Nuevo in an effort to curb inflation and strengthen the currency of Paraguay. Currently, the guaranĂ has an exchange rate of 0.00021 to the US dollar, a 0.00014 exchange rate to the British pound and a 0.01902 exchange rate to the Japanese yen, making it the least valued currency in North and South America.