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Uruguay
New Peso; Peso , Venezuela
Bolivar ; Real (Reales); Venezolano
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.
The
Uruguay's monetary stability, based on the gold standard., ended
after World War One.
The peso was replaced in November 1973 by the nuevo peso, also
subdivided into 100 centésimos, . at a rate of 1 new peso for 1000 old
pesos .
Replaced again by
the nuevo peso in the nineties.
In the eighteen century the bolívar was adopted replacing the
short-lived venezolano and until the 1970s was the region's most stable
and internationally accepted currency. Since that time, however, it has
fallen victim to high inflation.
The name "bolívar fuerte" is only used temporarily to distinguish it
from the older currency that will be used along with the bolívar fuerte
until 2009.
In the forties the Banco Central de Venezuela began issuing paper money of 10, 20, 50, 100 and 500 bolívares.followed
by 5 and 1, 2 and 5 bolívares .
As inflation took hold were introduced: 1000 bolívares in 1991, 2000 and
5000 bolívares in 1994, and 10,000, 20,000 and 50,000 bolívares in 1998.
The bolívar fuerte is the new currency of Venezuela since
2008. It is subdivided into 100 céntimos.
The bolívar fuerte replaced the bolívar due to inflation. The old bolívar was the currency of Venezuela between
1879 and 2007. It was also subdivided into 100 céntimos.
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