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Uruguayan peso (Spanish: peso uruguayo) has been a name of the Uruguayan currency since Uruguay's settlement by Europeans. The present currency, the peso uruguayo ( ISO 4217 code: UYU ) was adopted in 1993 and is subdivided into 100 centésimos , although centésimos are not currently in use.
The Uruguayan banks weathered the worldwide depression that began in 1873, but the government was overthrown in January 1875, and Mauá Bank declared bankruptcy in February. The new government suspended payment on its London debt, and on 8 May it decreed government currency notes the only recognized money for legal contracts.
A currency is a kind of money and medium of exchange. ... Uruguay: Uruguayan peso $ UYU ... Name No. No. Names Euro € EUR Cent: 100 43:
Money portal; A list of all currencies, current and historic. The local name of the currency is used in this list, with the adjectival form of the country or region ...
This is a list of alternative names for currency. A currency refers to money in any form when in actual use or circulation as a medium of exchange, especially circulating banknotes and coins. [1] [2] A more general definition is that a currency is a system of money (monetary units) in common use, especially in a nation. [3]
The name peso was given to the 8-real silver coin introduced in 1497, minted at 8 3 ⁄ 8 pesos to a Castilian mark (230.0465 grams) of silver 134/144 fine (25.56 g fine silver). It was minted in large quantities after the discovery of silver in Mexico, Peru and Bolivia in the 16th century, and immediately became a coin of worldwide importance ...
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Since the birth of the new Republic, on August 27, 1828, there were several attempts to create a monetary system that would solve the problem of the circulating currencies in the territory and define a national monetary system with national signs. [3]