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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 actual market rate in New York ranged US$0.46-0.57 per peso during 1936. By 1941 the peso's official rate was 1.90 to the US dollar. A complicated system of multiple exchange rates was adopted in 1946 and adjusted frequently. The year-end rate in pesos per US dollar on the free market was: 1953, 3.04; 1957, 4.66; 1958, 10.20; 1959, 11.18.
De facto exchange-rate arrangements in 2022 as classified by the International Monetary Fund. Floating ( floating and free floating ) Soft pegs ( conventional peg , stabilized arrangement , crawling peg , crawl-like arrangement , pegged exchange rate within horizontal bands )
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.
Salvadoran peso – El Salvador; Uruguayan peso – Uruguay; Venezuelan peso – Venezuela; ... List of countries by exchange rate regime; List of central banks; ISO ...
The suicide rate in Uruguay increased once again last year, reaching a new record and cementing the small country’s position as an outlier in the region. The South American country’s suicide ...
The peso is the monetary unit of several Spanish-speaking countries in Latin America, ... and at the rate of $1 = 20 reales = 5 pesetas = 22.5 ... Uruguay: Uruguayan ...
Image credits: BallinFC #10. The Candy Bomber. After World War II, when Berlin was divided, the US and UK airlifted supplies into West Berlin to counter the Soviet blockade.