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The Central Bank of Uruguay was established on July 6, 1967 as an autonomous state entity (Spanish: Ente Autónomo), with the passing of the 196th article of the Constitution of 1967. [2] Prior to the creation of the BCU, the issuing of currency and managing and supervising of the banking system was handled by the department of the Banco de la ...
Banco de la República was replaced by a true central bank, Banco Central del Uruguay, which assumed responsibility for the note issue and began operations on 1 March 1967. Exchange held at 250–260 pesos per US$1 in 1969–1971, A currency reform was planned, but postponed as the peso began another rapid decline.
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.
A solution to this situation was found by means of the law of March 14, 1831, which provided for the issuance of the currency known as "Tenths of the city of Buenos Aires" for half of its written value. [6] These coins with a value of one tenth of a real were the first coins issued by the Oriental Republic of Uruguay.
Banco de México: float Nicaragua: Nicaraguan córdoba: Banco Central de Nicaragua Panama: United States dollar: Banco Nacional de Panamá: float Paraguay: Paraguayan guaraní: Banco Central del Paraguay Peru: Peruvian sol: Banco Central de Reserva del Perú Suriname: Surinamese dollar: Centrale Bank van Suriname Uruguay: Uruguayan peso: Banco ...
Due to the banking crisis that took place in the 1960s, the department in charge of currency management and money supply was separated from the institution and turned into a new entity, the Central Bank of Uruguay, created with the Constitution of 1967. [10]
Over time, Uruguay developed into a large offshore banking center for Argentina and Brazil, largely as a result of its lax banking laws and the predominant view among Argentines that Uruguay was a stable place for their savings. As a result of the banking crisis, some US$800 million went missing from the BCU alone.
Banco Central de la República Dominicana: 1947 East Timor: United States dollar: East Timor Central Bank: Banco Central de Timor-Leste / Banku Sentrál Timór Lorosa'e: 2011 Ecuador: United States dollar: Central Bank of Ecuador: Banco Central del Ecuador: 1927 Egypt: Egyptian pound: Central Bank of Egypt: البنك المركزي ...