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Uruguayan peso
Thesaurus| Noun | 1. |  Uruguayan peso - the basic unit of money in Uruguay; equal to 100 centesimospesocentesimo - a fractional monetary unit of several countries: Panama and Italy and Uruguay and Chilecentavo - a fractional monetary unit of several countries: El Salvador and Sao Tome and Principe and Brazil and Argentina and Bolivia and Colombia and Cuba and the Dominican Republic and Ecuador and El Salvador and Guatemala and Honduras and Mexico and Nicaragua and Peru and the Philippines and PortugalUruguayan monetary unit - monetary unit in Uruguay |
TranslationsUruguayan Peso
Uruguayan PesoThe 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.AcronymsSeeUYUUruguayan peso
Synonyms for Uruguayan pesonoun the basic unit of money in UruguaySynonymsRelated Words- centesimo
- centavo
- Uruguayan monetary unit
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