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Uruguay - 50 Uruguayan Peso - P-S238r - 1872 dated Foreign Paper Money

Inv# FM3135   Foreign Paper Money
Country: Uruguay
Years: January 1, 1872
Color: Multicolored

50 Pesos, P-S238r. Uruguayan peso has been a name of the Uruguayan currency since Uruguay's settlement by Europeans. The present currency, the peso uruguayo was adopted in 1993 and is subdivided into 100 centésimos, although centésimos are not currently in use. Uruguay obtained monetary stability in 1896, based on the gold standard. This favorable state of affairs ended after World War I. An unsettled period followed. Economic difficulties after World War II produced inflation, which became serious after 1964 and continued into the 1970s.

The peso moneda nacional was replaced on 1 July 1975 by the nuevo peso (new peso; ISO 4217 code UYP) at a rate of 1 new peso for 1000 old pesos. The nuevo peso was also subdivided into 100 centésimos. After further inflation, the peso uruguayo replaced the nuevo peso on March 1, 1993, again at a rate of 1 new for 1000 old. Read more at https://en.wikipedia.org/wiki/Uruguayan_peso

Condition: C.U.
Item ordered may not be exact piece shown. All original and authentic.
Price: $250.00