Official nameRepública del Paraguay (Republic of Paraguay)CapitalAsunciónPopulation estimate (2015)6·64 millionInternet domain extension.pyCurrencyThe unit of currency is the guaraní (PYG), which consists of 100 céntimos.TerritoryParaguay is bounded in the north-west by Bolivia, north-east and east by Brazil and south-east, south and south-west by Argentina.LanguagesThe official languages are Spanish and Guaraní.Source: The Statesman's Yearbook 2018. Palgrave Macmillan, London Synonyms and related words