The real was the currency of Paraguay

Paraguay

Paraguay , officially the Republic of Paraguay , is a landlocked country in South America. It is bordered by Argentina to the south and southwest, Brazil to the east and northeast, and Bolivia to the northwest. Paraguay lies on both banks of the Paraguay River, which runs through the center of the...

 until 1856. Initially, the Spanish colonial real

Spanish colonial real

The silver real was the currency of the Spanish colonies in the Americas and the Philippines. In the seventeenth century the silver real was established at two billon reals or sixty-eight Spanish maravedís. Gold escudos were also issued...

 circulated. This was followed, in 1813, by the Argentine real

Argentine real

The real was the currency of Argentina until 1881. From 1822, it was subdivided into 10 decimos. 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

Paraguayan peso

The peso was the currency of Paraguay between 1856 and 1944. It replaced the real at a rate of 8 reales = 1 peso. Until 1870, the peso was subdivided into 8 reales. Paraguay then decimalized, with 100 centesimos = 1 peso. The name of the subdivision was changed to centavo in 1874...

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.