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, Po ...
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