Currency of Uruguay issued by Banco Nacional of Buenos Aires for Provincia Oriental ("Eastern Province", i.e., Uruguay). All parties to the conflict used the Spanish dollar (Spanish "peso", Portuguese " patacão"), which circulated with a value of 8 Spanish reales or 960 Brazilian reis. Circulation consisted of coins from mints in Mexico, Potosí, Brazil, and Buenos Aires. During the turbulent period of conflict preceding independence, a considerable amount of poor-quality copper coin from both Buenos Aires and Brazil came into circulation. Peso (Patacón) = 8 Reales = 800 Centésimos de real (centavos) Onza de oro = 16 Pesos In 1828, Uruguay's currency was
Currency War of 2009–11 reputation for avoiding government intervention in favour of free market policies. Brazil's finance minister Guido Mantega who had raised the alarm about a currency war back in September, warned that matters were beginning to escalate into a trade war. He expressed concerns about the economic policies of both China and the US. By February, the US had stepped up diplomatic efforts to persuade emerging economies such as Brazil and India that China's intervention was the root cause of the currency war. However the US once again refrained from labelling China a currency manipulator. A Treasury report said that allowing for