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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.
Internal peace was achieved in 1884, and there was a heavy influx of foreign capital. The Reus Law of 1887 made it easy to establish new banks (the most important of which was Banco Nacional). While Uruguay's neighbors, Argentina and Brazil, were obliged to use inconvertible paper currency, Uruguay continued to use gold.
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The Uruguayan parties received support from warring political factions in neighboring Argentina, which became involved in Uruguayan affairs. The Colorados favored the exiled Argentine liberal Unitarios , many of whom had taken refuge in Montevideo, while the Blanco president Manuel Oribe was a close friend of the Argentine ruler Manuel de Rosas .
This period in Uruguayan numismatics was immersed in a historical context full of economic problems, a non-existent currency, an economy practically in chaos and a civil war that lasted for years (the Great War).
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Colour key and notes Indicates that a given currency is pegged to another currency (details) Italics indicates a state or territory with a low level of international recognition State or territory Currency Symbol [D] or Abbrev. ISO code Fractional unit Number to basic Abkhazia Abkhazian apsar [E] аҧ (none) (none) (none) Russian ruble ₽ RUB Kopeck 100 Afghanistan Afghan afghani ؋ AFN ...
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