Expat Exchange
Free MembershipSign In

Paraguay Expat Forum

Money Exchange - New Law Beware

New Topic Newest First
aramisss
  2/7/2014 17:53 EST

Now when you exchange at the local Currency Exchange Offices, Beware, you now hav to provide them with a Copy of your Passport, and they also want your address and phone, etc., All personal information that can be stolen and your identity stolen. Don't do it! Exchange your money with one of those people that usually hang out in front of the exchange offices. But always use due care, but when in Paraguay don't let them copy your passport or credentials!

juan27
  2/8/2014 04:00 EST

They ask for your Identity card, correct, but they do not ask where you live. Unless its a sum above a certain amount. Paraguayans do tend to make photocopies of your ID card as soon you make any kind of contract. More dangerous is to order some expensive goods that you will pay upon reception (the driver COULD inform some bad people that he is driving to an address where he will cash money at a certain hour. If the sum is high, you MIGHT get "visitors" before the van with the ordered goods arrives. In general tell to nobody that you have money at home and in case of goods to be delivered, tell the seller that you will pay by check.

GeoBlueGeoBlue
Get Quote

GeoBlue is a trusted leader in international health insurance. Wherever your destination, GeoBlue can keep you and your family covered with the right health insurance. Get a GeoBlue Quote Today!

GeoBlueGeoBlue

GeoBlue is a trusted leader in international health insurance. Wherever your destination, GeoBlue can keep you and your family covered with the right health insurance. Get a GeoBlue Quote Today!
Get Quote

aramisss
  2/8/2014 16:32 EST

Correct, it used to be if the sum was for more than $500, but the law changed and now they want your ID's for any amount, They also asked me for my telephone number and my address in Paraguay, which I said, hell no! Be careful..

hank9752
  3/9/2014 17:04 EST

Are there ATMs with which I can use my foreign debit card to access Guaranis?

aramisss
  4/1/2014 03:52 EST

Yes, but if you take out straight Guaranies they will hit you hard on the rate. Better to withdraw US dollars and then exchange at one of the exchange houses. Best deal are in the downtown Asuncion district...

daxbr
  5/19/2014 22:01 EST

I am sure guys in front of currency exchange won't be asking for id. :)

GeoBlueGeoBlue
Get Quote

GeoBlue is a trusted leader in international health insurance. Wherever your destination, GeoBlue can keep you and your family covered with the right health insurance. Get a GeoBlue Quote Today!

GeoBlueGeoBlue

GeoBlue is a trusted leader in international health insurance. Wherever your destination, GeoBlue can keep you and your family covered with the right health insurance. Get a GeoBlue Quote Today!
Get Quote

juan27
  5/20/2014 08:52 EST

Well, well. That is an opinion from someone from outside Paraguay.
On the street, central Asuncion, they will not ask you. Enter a bank or also at the airport, they will insist for your ID and refuse any transaction without. If the sum is higher (a few thousand dollars only, they´ll also make a copy of your ID Card or Passport. If the sum is higher than 10.000 USD they will also ask where you got the money from and probably, soon after, you may get a visit from the fiscal police. That is somewhat I know by personal experience. And I was very happy to provide the documents they wanted to see. To avoid that, you go to the PALMA (City Center) and wait to be contacted by private agents (most of the time they are correct and their rates are even better than those from banks of agencies). They ask you how much you want to change, they give you the money leaving you ample time to count and recount and only then you give them the agreed counterpart. Never try to fool them!! They have no sense of humor and there is always someone observing you.

GeoBlue
GeoBlue

Top-quality coverage for people who live, work, study and travel internationally.
Get Quote

GeoBlueGeoBlue

Top-quality coverage for people who live, work, study and travel internationally.
Get Quote

Living in Paraguay GuideLiving in Paraguay Guide

Paraguay is not for everyone. Expats who move to Paraguay are drawn to the low cost of living, low taxes and stable economy. But, expats living in Paraguay warn newcomers about rampant corruption; hazardous conditions for drivers and pedestrians; and lack of modern amenities.

Paraguay Forum Paraguay Forum
Join our Paraguay forum to meet other expats and talk about living in Paraguay.

Contribute to Paraguay Network Contribute
Help other expats and newcomers by answering questions about the challenges and adventures of living in Paraguay.

Best Places to Live in Paraguay Best Places to Live in Paraguay

If you're dreaming about living in Paraguay, here are the 15 Best Places to Live in Paraguay in 2023.

Healthcare in ParaguayHealthcare in Paraguay

If you're moving to Paraguay, healthcare is an important consideration. Expats in Paraguay offer advice about health insurance in Paraguay, the best hospitals, prescription medicine and more.

Cost of Living in ParaguayCost of Living in Paraguay

Expats offer insight into the cost of living in Paraguay.

Moving to ParaguayMoving to Paraguay Guide

Our guide to moving to Paraguay with lots of advice from expats on the ground.

Real Estate in ParaguayReal Estate in Paraguay

Real estate listings in popular cities and towns in Paraguay.

Pros Cons of Living in ParaguayPros & Cons of Living in Paraguay

Take off your rose-colored glasses and learn what expats have to say about the biggest challenges and the greatest rewards of living in Paraguay.

Retiring in ParaguayRetiring in Paraguay

Advice for people retiring in Paraguay.

10 Tips for Living in Paraguay10 Tips for Living in Paraguay

If you've recently arrived in Paraguay, here are 10 tips for digital nomads living in Paraguay.

GeoBlue
GeoBlue

Top-quality coverage for people who live, work, study and travel internationally.
Get Quote

GeoBlueGeoBlue

Top-quality coverage for people who live, work, study and travel internationally.
Get Quote

Contribute to Paraguay Network Contribute
Help others in Paraguay by answering questions about the challenges and adventures of living in Paraguay.

William Russell
William Russell

Copyright 1997-2024 Burlingame Interactive, Inc.

Privacy Policy Legal