Question 1

What is the "Guaraní Currency Confusion" scam in Asunción?

Accepted Answer

The Paraguayan guaraní trades at approximately 7,000 to 1 USD, making simple transactions confusing for new arrivals. Street vendors, informal traders, and some restaurants exploit this by short-changing tourists who cannot quickly calculate correct amounts. Counterfeit 50,000 and 100,000 guaraní notes have also been documented in circulation. Familiarise yourself with the current exchange rate before arrival and download a currency converter app. Count change carefully before leaving any counter. Use ATMs at banks rather than informal exchange booths, and inspect large-denomination notes for security features.

Question 2

What is the "ATM Skimming in Commercial Areas" scam in Asunción?

Accepted Answer

Skimming devices have been reported on ATMs in downtown Asunción's commercial district, particularly on standalone machines not attached to bank branches. Card data and PIN captures are used to clone cards and make fraudulent withdrawals. Tampered keypads and false card readers are the most common methods used. Use ATMs inside bank branches during business hours only. Cover the keypad when entering your PIN. Check the card slot for any loose or unusual attachments before inserting your card. Notify your bank of international travel before arriving.

Money & ATM Scams in Asunción

Guaraní Currency Confusion

ATM Skimming in Commercial Areas

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