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The peso moneda nacional was replaced on 1 July 1975 by the nuevo peso (new peso; ISO 4217 code UYP) at a rate of 1 new peso for 1000 old pesos. The nuevo peso was also subdivided into 100 centésimos. After further inflation, the peso uruguayo (ISO 4217 code UYU) replaced the nuevo peso on March 1, 1993, again at a rate of 1 new for 1000 old.
The peso uruguayo ($; ISO 4217 code: UYU) was adopted on 1 March 1993 to replace the nuevo peso at 1 peso uruguayo for 1000 nuevos pesos. Withdrawal of old notes of N$500 and under began immediately; notes of 1,000 up to 500,000 nuevos pesos remained legal tender (for 1 to 500 pesos uruguayos) until 28 February 2003.
As of August 2008 almost 60% of bank loans use United States dollars, [21] but most transactions use the Uruguayan peso. [22] Today, the Uruguayan peso is minted in coins of 1, 2, 5, 10, and 50 pesos and in banknotes of 20, 50, 100, 200, 500, 1000, and 2000 pesos.
This law creates a new monetary system in which the Peso or Patacón is divided into 8 reales [7] and each one of them into one hundred centésimos (a system that will last until 1862) and authorizes the issuance of coins of 5 and 20 centésimos (for an amount of $20,000). These coins will be the first to bear national signs.
Uruguayan women economists (1 P) D. Directors of the Office of Planning and Budgeting of Uruguay (5 P) Pages in category "Uruguayan economists"
In 1992 a new peso (ISO 4217: ARS) was introduced, referred to as peso convertible since the international exchange rate was fixed by the Central Bank at 1 peso to 1 U.S. dollar, and for every peso convertible circulating, there was a US dollar in the Central Bank's foreign currency reserves. It replaced the austral at a rate of 1 peso = 10,000 ...
The lempira was introduced in 1931, replacing the peso at par. In the late 1980s, the exchange rate was two lempiras to the United States dollar (the 20-centavos coin is called a daime as it was worth the same as a U.S. dime). As of April 4, 2022, the lempira was quoted at 24.40 HNL to US$1. [3]
To compensate, the Uruguayan government encouraged the architectural restoration of Colonia, which was originally built by the Portuguese in colonial times. [1] By 1990 Colonia had become one of Uruguay's most historic tourist attractions, and many of its houses had been bought by vacationers from Buenos Aires. [1]