The currency of Uruguay is the Uruguayan peso, often symbolized as UYU. The peso is subdivided into 100 centésimos. The currency has undergone various changes since its introduction and has been revalued several times. The current version has been in circulation since 1993 after a transition from the old Uruguay peso. The Uruguayan peso is frequently used in daily transactions, and it plays a crucial role in both the national economy and international trade. Given Uruguay's stable economic environment, the peso is often viewed as a reliable currency in the South American region.