Flag of Paraguay Satin Ribbon

This design features the national flag of Paraguay, which is a country in South America. Paraguay is bordered by Argentina to the south and southwest, Brazil to the east and northeast and Bolivia to the northwest. Paraguay is one of only two landlocked countries in South America (the other being Bolivia); however, the country has coasts, beaches and ports on the Paraguay and Paraná rivers that give exit to the Atlantic Ocean through the Paraná-Paraguay Waterway. Due to its central location in South America, it is sometimes referred to as Corazón de Sudamérica ("Heart of South America"). The capital and largest city of Paraguay is Asunción; other major cities are Ciudad del Este, Luque, San Lorenzo, Capiatá, Lambaré, Fernando de la Mora, Limpio, Ñemby and Encarnación.