Uruguayan Peso in Jamaican Dollar

UYU Uruguayan Peso

Country of application:
Uruguay

Coin denominations in circulation:
1, 2, 5, 10 dollars.

Denominations of banknotes in circulation:
20, 50, 100, 200, 500, 1000, 2000 dollars.

History reference:
The Uruguayan peso is the official currency of Uruguay. The territory of Uruguay is almost completely covered by the South American rainforest jungle. Agricultural plantations extend only in the coas...tal regions, and it is in these regions that the main population of the country is concentrated. From the south and east, the territory of the country is washed by the waters of the Atlantic Ocean, and the Gulf of La Plata in particular. The total area of Uruguay is slightly more than 176 thousand square kilometers. In 1840, the minting of Uruguayan coins began. On June 23, 1862, the National Bank of Uruguay was founded and the Uruguayan peso, equal to 100 centesimos, was officially announced as the currency. The gold content of the peso is set at 1.556419 grams of pure gold. The minting of peso coins began in 1869, the issuance of National Bank notes in 1887. Until 1896, banknotes were also issued by private banks (Commercial Bank, English Bank of Rio de la Plata, Italian Bank, Italo-Eastern Bank, Eastern Bank, Salto Bank, etc.) and the government. Since 1896, banknotes have been issued only by the central bank of Uruguay.

JMD Jamaican Dollar

Country of application:
Jamaica

Coin denominations in circulation:
1, 5, 10, 20 dollars.

Denominations of banknotes in circulation:
50, 100, 500, 1000 dollars.

History reference:
The Jamaican dollar is the national currency of Jamaica. Until 1840, the British pound, Spanish reals and local coins circulated in Jamaica. Then the Jamaican pound was introduced, which in 1914 was ...equated to the pound sterling, and from 1955 to the West Indian dollars. The earliest money in Jamaica were Spanish copper coins called maravedi. This is due to the fact that for almost four hundred years, Spanish dollars, known as pieces of eight, were widely used on world trade routes, including the Caribbean region. However, after the revolutionary wars in Latin America, the source of these silver trade coins dried up. The last Spanish dollar was minted at the Potosi Mint in 1825. The United Kingdom adopted a very successful gold standard in 1821, so 1825 was the right time. to introduce the coinage of British sterling in all British colonies.