Uruguay's 1960 coinage reform replaced the older peso system's fractional pieces as the country struggled with mounting inflation that would, within a few years, render even these small denominations effectively worthless in daily commerce. By 1975, a new peso had absorbed one thousand of the old units, making survivors of this issue relics of a currency that collapsed faster than most of its contemporaries in the Southern Cone.
Uruguay's 1960 coinage reform replaced the older peso system's fractional pieces as the country struggled with mounting inflation that would, within a few years, render even these small denominations effectively worthless in daily commerce. By 1975, a new peso had absorbed one thousand of the old units, making survivors of this issue relics of a currency that collapsed faster than most of its contemporaries in the Southern Cone.