Currency of Uruguay and fineness was retained, but the denomination was changed to "peso fuerte", with proposed coins of 1/8, 1/4, 1/2, and 1 peso fuerte in silver, and 2, 4, 8, and 16 pesos fuertes in gold. Uruguay's first postage stamps appeared in October 1856 for use on mail coach routes operated by Anastasio Lapido; the denominations were 60 and 80 centavos and 1 real (= 120 centavos). A second series followed in March 1858 in denominations of 120, 180, and 240 centavos (centésimos). Regular government stamps appeared in July 1859 in denominations of 60, 80, 100, 120, 180, and 240 centésimos.
Digital gold currency money as it directly represents gold metal on deposit or in custody. This depends on the issuer. Most issuers have the gold on deposit - i.e., the issuer will redeem the digital currency obligation with physical metal. Just as the exchange rates of national currencies fluctuate against each other, the exchange rates of DGCs fluctuate against national currencies, which is reflected by the price of gold in a particular currency. This creates exchange risk for any account holder, in the same way one would experience exchange risk by holding a bank account in a foreign currency. Some DGC holders make