Introduction:

The current currency of Uruguay is the Uruguayan new peso. 1975, the country began monetary reform. At present, the old and new currencies are common. The old peso of 1000 is equivalent to the new peso of 1, and the new monetary system is more universal. In 2002, due to the crisis in Argentina and Brazil, Uruguay was forced to implement the free floating policy of currency exchange, which triggered violent shocks in the domestic financial market, the Uruguayan peso depreciated sharply, and the national risk index reached a record 16 16. Thanks to the government's efforts, the exchange rate of the country's currency against the US dollar has rebounded.