Currency of Uruguay moneda national" (peso national currency). The economy picked up after 1876 and the 1880s were a period of prosperity and expansion. Internal peace was achieved in 1884, and there was a heavy influx of foreign capital. The Reus Law of 1887 made it easy to establish new banks (the most important of which was Banco Nacional). While Uruguay's neighbors, Argentina and Brazil, were obliged to use inconvertible paper currency, Uruguay continued to use gold. By 1889 the flow of foreign capital was drying up, and the prices paid for Uruguay's exports were falling. Gold was leaving the country, and Banco
History of the Jews in Argentina History of the Jews in Argentina The history of the Jews in Argentina goes back to the early sixteenth centuries, following the Jewish expulsion from Spain. Sephardi Jews fleeing persecution immigrated with explorers and colonists to settle in what is now Argentina. In addition, many of the Portuguese traders in the Viceroyalty of the Río de la Plata were Jewish. An organized Jewish community, however, did not develop until after Argentina gained independence from Spain in 1816. By mid-century, Jews from France and other parts of Western Europe, fleeing the social and economic disruptions of revolutions, began to settle in