Brazil Brazil. However, the decentralized and unorganized tendencies of the captaincy colonies proved problematic, and in 1549 the Portuguese king restructured them into the Governorate General of Brazil, a single and centralized Portuguese colony in South America. In the first two centuries of colonization, Indigenous and European groups lived in constant war, establishing opportunistic alliances in order to gain advantages against each other. By the mid-16th century, cane sugar had become Brazil's most important export, and slaves purchased in Sub-Saharan Africa, in the slave market of Western Africa (not only those from Portuguese allies of their colonies in Angola and Mozambique),
Currency of Uruguay Currency of Uruguay This is an outline of Uruguay's monetary history. For the present currency of Uruguay, see Uruguayan peso. Uruguay's currency was initially that common to all of Spanish America. During the struggle over this region, initially between Spain and Portugal, then between Argentina and Brazil, the coinage of both contestants circulated. When the area was annexed to Brazil in 1821 as Provincia Cisplatina, the Portuguese (Brazilian) administration put notes of Banco do Brazil into circulation. This was the first paper money to circulate in Uruguay. Then, in 1826–1828, Argentine troops fighting against Brazil were paid in one-peso notes