Who is on the uruguayan peso

Industrial output expanded Industrial manufacturing output grew At its 11 August meeting, the Monetary Policy Committee of the Central Bank of Uruguay decided to raise the monetary policy rate by 50 basis points to 5. Consumer prices rose 0. Major Economies. South-Eastern Europe. Sub-Saharan Africa.

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In , the country had to repeat this process a second time, once again replacing their currency on a to-1 basis. Thankfully, inflation has declined significantly in recent years, ranging between 4. In recent years, the value of the UYU has varied substantially when compared to the U. Like all national currencies, the strength of the UYU is heavily influenced by its underlying economy. In the case of Uruguay, tourism and commodity products such as wood pulp, beef, and soya beans make up a substantial portion of total exports.

The nation also ranks highly in measures such as life expectancy, literacy, and other quality of life indices. Banco Central de Uruguay. The World Bank. Accessed Dec. World Atlas. Yahoo Finance. Central Intelligence Agency. Fixed Income Essentials. Your Privacy Rights. To change or withdraw your consent choices for Investopedia.

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