UYU / ZAR

The Uruguayan peso is the official currency of Uruguay, a South American nation known for its stable democratic institutions and progressive social policies. Issued by the Central Bank of Uruguay, the peso is subdivided into 100 centésimos and is commonly denoted with the "$" symbol, often written as "$U" to distinguish it from other dollar‑denominated currencies.

Introduced in 1993 to replace the previous peso uruguayo at a rate of 1,000 to 1, the modern peso operates under a floating exchange‑rate regime. While not pegged to any foreign currency, its value is closely linked to the United States dollar due to Uruguay’s significant trade ties and foreign investment flows. The currency is used in everyday transactions, from market stalls to electronic payments, and its banknotes feature prominent national figures and cultural motifs.