ForexBeginner

Uruguayan Peso

a.k.a. UYU, Uruguay Peso

Uruguay's currency, from one of South America's more stable economies.
In plain English

Uruguay's currency, from one of South America's more stable economies.

The Uruguayan peso (UYU) is Uruguay's money. Uruguay exports beef, soybeans, pulp and dairy, so farm prices and neighbours Brazil and Argentina influence the peso. US dollars are also widely used for big purchases like property, a habit left over from past bouts of inflation.

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