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Uruguayan Peso

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Uruguayan Peso
The currency of Uruguay. It was introduced in 1993, replacing the Uruguyan nuevo peso after a period of hyperinflation. The peso uruguayo historically has been subject to high inflation. Until 1982, the peso was on a crawling peg to the U.S. dollar. The end of this peg drove many businesses into bankruptcy because most large debt in Uruguay was denominated in dollars. After a banking crisis in 2002, the peso appreciated against the dollar for the first time in the mid-2000s.
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Although its cost is high at 800 Uruguayan pesos (U.
Latin America's new broadband challenges by del Rivero, Marina / Video Age International
Social programs overhauled The number of Uruguayans living in poverty currently stands at 1 million citizens, but the PANES will focus on the 45,000 families that live in extreme poverty--those unable to adequately cover a daily food basket--who will receive a "citizen's income," a monthly allowance of 1,360 Uruguayan pesos (roughly US$57).
URUGUAY: GOVERNMENT PROGRAM AIMS TO REACH OUT TO CITIZENS LIVING IN ... by NotiSur - South American Political and Economic Affairs
Since Argentina ended official parity with the dollar early this year, its peso has depreciated to almost four to the dollar, a rate of depreciation many times that of the Brazilian real and the Chilean and Uruguayan pesos.
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