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
Reserve currency and long-term international objectives when a national currency also serves as a world reserve currency. The IMF regularly publishes the aggregated "Currency Composition of Foreign Exchange Reserves" (COFER). The reserves of the individual reporting countries and institutions are confidential. Thus the following table is a limited view about the global currency reserves that only deals with allocated reserves: Economists debate whether a single reserve currency will always dominate the global economy. Many have recently argued that one currency will almost always dominate due to network externalities (sometimes called "the network effect"), especially in the field of invoicing trade and denominating