martinkennethcurrency of uruguay
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Enhanced PromptUruguayan peso, official currency of Uruguay, used since 1896, pegged to US dollar since 1975, coins include 10, 50 centésimos, 1, 2, 5 pesos, banknotes issued in 1000, 2000, 5000, 10,000, 20,000, 50,000, 100,000 pesos denominations, Uruguay Central Bank responsible for monetary policy, inflation rate historically stable, economy driven by agriculture, services, and manufacturing, tourism sector growing, peso value fluctuates against major currencies, Uruguay has no capital controls, international transactions facilitated through major banks, peso also accepted in bordering countries, especially Argentina, Chile, Brazil, and Paraguay, Uruguay's currency is not widely traded globally due to its small size and limited foreign exchange market, Uruguay uses ISO 4217 code UYU, currency abbreviation UYU, widely accepted in local commerce, Uruguayan peso is subdivided into 100 centésimos, official exchange rate published daily by the Central Bank, currency exchange offices operate throughout the country, ATMs available in major cities, credit cards accepted in tourist areas, cash transactions common in rural regions, peso valued around parity with US dollar, fluctuations occur due to trade balance, interest rates, and global economic factors, peso exchange rate volatility affects import prices and consumer spending, Uruguay maintains a relatively stable economy, despite regional economic challenges, peso remains a key component of the national economy.
