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Banco Nacional de la República Oriental del Uruguay was established in 1887 as Uruguay's national bank. It issued a series of notes dated 25 August 1887, printed by Waterlow and Sons: 10, 20, and 50 centésimos and 1, 2, 5, 10, 20, 50, 100, 200, and 500 pesos moneda nacional oro sellado (national gold currency).
Instituto Nacional de Estadística, July 2024. 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.
These coins with a value of one tenth of a real were the first coins issued by the Oriental Republic of Uruguay. These measures were not enough to alleviate the shortage situation, despite the fact that the number of coins issued was considerable (2 million), and led the Government to take new measures in 1839 by means of Law No. 208 of June 20.
A commonly used currency in the Americas is the United States dollar. [1] It is the world's largest reserve currency, [2] the resulting economic value of which benefits the U.S. at over $100 billion annually. [3] However, its position as a reserve currency damages American exporters because this increases the value of the United States dollar.
The horizontal stripes on the flag represent the nine original departments of Uruguay, based on the U.S. flag, where the stripes represent the original 13 colonies. The first flag designed in 1828 had 9 light blue stripes; this number was reduced to 4 in 1830 due to visibility problems from distance.
Collecting World Coins: Standard Catalog of Circulating Coinage: 1901–present, 15th Edition, publication date 2015, Krause Publications, ISBN 978-1-4402-4460-5 Digital copy available separately. Standard Catalog of German Coins: 1501–present, 3rd Edition, publication date 2011, Krause Publications, ISBN 978-1-4402-1402-8
Since 1859, many Uruguayan definitive stamp series have been released. Besides different designs, there were additions and changes involving the postal rates, changes in currency were also reflected on the stamps: the silver peso system in 1862. 180c green, 1859 issue, unused. 60c brown lilac, 1860 issue, unused.
Economy of Uruguay. All values, unless otherwise stated, are in US dollars. The economy of Uruguay features an export-oriented agricultural sector and a well-educated workforce, along with high levels of social spending. Tourism and banking are also prominent sectors; Uruguay acts as a regional hub for international finance and tourism.