Uruguayan Peso

Uruguay's official currency is the Uruguayan peso (pronounced "POO-soh"), which is divided into 100 centésimos. The peso has been Uruguayancurrency since Uruguay's independence in 1828. The current peso was introduced in 1993 and is pegged to the US dollar. The US dollar is the most widely accepted currency in Uruguay, and most businesses will accept payment in dollars. However, it's important to have some pesos on hand for smaller purchases and tipping. You can exchange US dollars for pesos at banks and currency exchange offices. The Uruguayan peso is not a particularly strong currency, and it has weakened considerably against the US dollar in recent years. However, the Uruguayan economy has been doing quite well, and the peso is expected to continue to hold its value against the dollar.