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The patacón was a silver coin, 27·06 g, 0·902 fine (24·43 g fine silver). The standard gold coin was the onza de oro of 27·06 g, 0·875 fine, equal to 16 silver pesos. Other silver and gold coins were rated in terms of the patacón and onza, according to their intrinsic value.
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.
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.
The Spanish silver dollar created a global silver standard from the 16th to 19th centuries. The silver standard[a] is a monetary system in which the standard economic unit of account is a fixed weight of silver. Silver was far more widespread than gold as the monetary standard worldwide, from the Sumerians c. 3000 BC until 1873.
A number of active currencies do not have an ISO 4217 code, because they may be: (1) a minor currency pegged at par (1:1) to a larger currency, even if independently regulated, (2) a currency only used for commemorative banknotes or coins, or (3) a currency of an unrecognized or partially recognized state. These currencies include: Abkhazian apsar
The number of immigrants rose from 48 percent of the population in 1860 to 68 percent in 1868. In the 1870s, a further 100,000 Europeans arrived, so that, by 1879, about 438,000 people were living in Uruguay, a quarter of them in Montevideo. [33] Due to immigration, Uruguay's population reached one million in the early 20th century. [34]
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.
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