Strong Guaraní Worries Paraguay Industry, Minister Says
Paraguay's strong guaraní has pushed the dollar to levels last seen in 2018. The industry minister says firms are worried, but he backs the central bank. The post Strong Guaraní Worries Paraguay Industry, Minister Says appeared first on The Rio Times .
Paraguay's Industry and Commerce Minister Marco Riquelme expressed serious concerns over the strong guaraní on October 1st, 2026, stating that it is causing significant challenges for the country's factories and exporters. The minister did not request the central bank to intervene in the currency situation, instead defending its current hands-off approach and describing the situation as "the growing pains" of a rapidly expanding economy.
The dollar had been trading at around G. 5,890 on September 24th, 2026, near its late-2018 average, and had peaked at G. 8,006 in April 2025 before falling to G. 6,725 by end-2025 and currently sitting at G. 5,975 in August 2026. This places the guaraní as a strong currency by recent standards, with the dollar down approximately 26 percent from its peak.
The slide in the currency's value continued even after the US Federal Reserve raised its interest rates to 4 percent on September 16th, 2026.
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