URUGUAY

(UYU) Currency News >>

CURRENCY:

Peso Uruguayo - UYU, Symbol $U

DENOMINATIONS:

NOTE: $U2,000, 1,000, 500, 200, 100, 50, 20, 10 and 5.

COIN: $U10, 5, 2 and 1 and 50 centécimos.

US DOLLAR ACCEPTED:

Yes, widely.

CREDIT/DEBIT CARDS AND ATMS:

Most major credit cards are accepted. ATM machines are widely available.

CURRENCY EXCHANGE:

This service is available at bureaux de change and banks - rates are better there than at hotels.

TRAVELLER'S CHEQUES:

Some banks and bureaux de change in tourist areas will be able to cash these. Best in US dollars.

BANKING HOURS:

Mon-Fri 1300-1700.

CURRENCY RESTRICTIONS:

No Restrictions.

COUNTRY OVERVIEW:

The full name of Uruguay is the Eastern Republic of Uruguay. It is located in southeastern South America. The main proportion of the population live in the captial, Montevideo and the surrounding area. It is one of the smallest countries of South America. A huge proportion of the population are of European descent. The official language is Spanish.

POPULATION:

Around 3.5 million.

ECONOMY:

The economy of Uruguay has been ranked as being middle income. The main sectors are of the State. Agriculture and industrial sectors are also key. The country relies heavily on trade and export. There has been a drop in demand from key countries Argentina and Brazil which has affected Uruguay's economy. There has been much effort to tackle unemployment and poverty.