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 Argentina in reference both to the "Revolución Argentina", the Brazilian military regime (1964–85), Augusto Pinochet's regime (starting in 1973) and Juan María Bordaberry's regime in Uruguay. Onganía's Minister of Economy, Adalbert Krieger Vasena, decreed a wage freeze and a 40% devaluation of the currency, which strongly affected the state of the Argentine economy, in particular the agricultural sector, favoring foreign capital. Vasena suspended collective labour conventions, reformed the hydrocarbon law which had established a partial monopoly of the "Yacimientos Petrolíferos Fiscales" (YPF) state enterprise, as well as passing a law facilitating expulsions in case of failure to pay rent. Finally, the