Paraguay CBDC Tracker

CBDC Information

CBDC Status

Research

Economic Information

GDP

$41,722,295,362

Population

6,861,524

Government Information

Form of Government

Electoral Democracy

Rule Of Law

4.64/10

Freedom Rankings

Cato and Fraser Human Freedom Index:

7.06/10

Freedom House Index:

6.5/10

Reporters Without Borders Freedom Index:

5.59/10

Paraguay is currently in the research phase. The Central Bank of Paraguay approved regulations to “monitor the different international initiatives on CBDC, as well as analyzing the implications of an eventual implementation of some type of CBDC [in Paraguay].”

A full analysis of the CBDC developments in Paraguay and Paraguay’s treatment of civil liberties is forthcoming.

In the meantime, for additional information on concerns regarding violations of human rights and civil liberties, see the following reports by Amnesty International, Financial Tyranny Index, Freedom House, Human Rights Watch, Privacy International, and the U.S. Department of State. For additional information on concerns regarding the risks of CBDCs, see the following webpage and report by the Cato Institute: The Risks of CBDCs and Central Bank Digital Currency: Assessing the Risks and Dispelling the Myths.

For additional information regarding metrics, the methodology page explains each of the data points and provides their respective sources.