Currency Of Uruguay
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Currency Of Uruguay
This is an outline of Uruguay's monetary history. For the present currency of Uruguay, see Uruguayan peso. Pre-independence currency Uruguay's currency was initially that common to all of Spanish America. During the struggle over this region, initially between Spain and Portugal, then between Argentina and Brazil, the coinage of both contestants circulated. When the area was annexed to Brazil in 1821 as Provincia Cisplatina, the Portuguese (Brazilian) administration put notes of Banco do Brazil into circulation. This was the first paper money to circulate in Uruguay. Then, in 1826–1828, Argentine troops fighting against Brazil were paid in one-peso notes issued by Banco Nacional of Buenos Aires for Provincia Oriental ("Eastern Province", i.e., Uruguay). All parties to the conflict used the Spanish dollar (Spanish ''peso'', Portuguese '' patacão''), which circulated with a value of 8 Spanish reales or 960 Brazilian reis. Circulation consisted of coins from mints in Mexico, Pot ...
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Uruguayan Peso
Uruguayan peso ( es, 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: ) was adopted in 1993 and is subdivided into 100 '' centésimos'', although centésimos are not currently in use. Introduction Uruguay obtained monetary stability in 1896, based on the gold standard. This favorable state of affairs ended after World War I. An unsettled period followed. Economic difficulties after World War II produced inflation, which became serious after 1964 and continued into the 1970s. The peso moneda nacional was replaced on 1 July 1975 by the nuevo peso (new peso; ISO 4217 code ) at a rate of 1 new peso for 1000 old pesos. The nuevo peso was also subdivided into 100 ''centésimos''. After further inflation, the peso uruguayo (ISO 4217 code ) replaced the on March 1, 1993, again at a rate of 1 new for 1000 old. Inflation Uruguayans became accustomed to the constant devaluation ...
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Postal Currency
__NOTOC__ Fractional currency, also referred to as shinplasters, was introduced by the United States federal government following the outbreak of the Civil War. These low- denomination banknotes of the United States dollar were in use between 21 August 1862 and 15 February 1876, and issued in denominations of 3, 5, 10, 15, 25, and 50 cents across five issuing periods.Kravitz The complete type set below is part of the National Numismatic Collection, housed at the National Museum of American History, part of the Smithsonian Institution. History The Civil War economy catalyzed a shortage of United States coinage—gold and silver coins were hoarded given their intrinsic bullion value relative to irredeemable paper currency at the time.Anderson, p. 303.Reed, p. 298. In late 1861, to help finance the Civil War, the U.S. government borrowed gold coin from New York City banks in exchange for Seven-thirties treasury notesMitchell, 1903, pp. 27–32. and the New York banks sold t ...
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José Enrique Rodó
José Enrique Camilo Rodó Piñeyro (15 July 1871 – 1 May 1917) was a Uruguayan essayist. He cultivated an epistolary relationship with important Hispanic thinkers of that time, Leopoldo Alas (Clarín) in Spain, José de la Riva-Agüero in Peru, and, most importantly, with Rubén Darío, the most influential Latin American poet to date, the founder of ''modernismo''. As a result of his refined prose style and the ''modernista'' ideology he pushed, Rodó is today considered the preeminent theorist of the ''modernista'' school of literature. Rodó is best known for his essay ''Ariel'' (1900), drawn from '' The Tempest'', in which Ariel represents the positive, and Caliban represents the negative tendencies in human nature, and they debate the future course of history, in what Rodó intended to be a secular sermon to Latin American youth, championing the cause of the classical western tradition. What Rodó was afraid of was the debilitating effect of working individuals' limited ...
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Uruguay 50Centesimos 1939 Side2
Uruguay (; ), officially the Oriental Republic of Uruguay ( es, República Oriental del Uruguay), is a country in South America. It shares borders with Argentina to its west and southwest and Brazil to its north and northeast; while bordering the Río de la Plata to the south and the Atlantic Ocean to the southeast. It is part of the Southern Cone region of South America. Uruguay covers an area of approximately and has a population of an estimated 3.4 million, of whom around 2 million live in the metropolitan area of its capital and largest city, Montevideo. The area that became Uruguay was first inhabited by groups of hunter–gatherers 13,000 years ago. The predominant tribe at the moment of the arrival of Europeans was the Charrúa people, when the Portuguese first established Colónia do Sacramento in 1680; Uruguay was colonized by Europeans late relative to neighboring countries. The Spanish founded Montevideo as a military stronghold in the early 18th centur ...
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