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About Uruguayan Peso (UYU)
The Uruguayan Peso (UYU), introduced in 1896, is the official currency of Uruguay and a key symbol of the nation's economic stability and progress. It is commonly abbreviated as UYU and represented by the symbol $. The Peso's introduction marked a significant step in Uruguay's journey towards creating a robust and independent economy.
Historical Background
The introduction of the Uruguayan Peso was a crucial development in Uruguay’s economic history, reflecting the country's efforts to establish a stable and sovereign monetary system. The Peso replaced the Uruguayan currency known as the “patacón,” signifying Uruguay's transition from a largely agrarian economy to one more integrated with international markets.
Design and Symbolism
The design of the Uruguayan Peso reflects the nation’s cultural heritage and natural beauty. Banknotes and coins feature images of national heroes, landmarks, and symbols of Uruguay’s rich flora and fauna. These designs not only serve as a medium for financial transactions but also as reminders of Uruguay's unique identity and pride.
Economic Role
The Peso plays a central role in Uruguay’s economy, characterized by its robust agricultural sector, growing tourism industry, and a well-developed service sector. As the primary medium of exchange, it supports these sectors, facilitating trade, investment, and the everyday economic activities of Uruguayans.
Monetary Policy and Stability
Managed by the Central Bank of Uruguay, the Peso has maintained relative stability in a region often marked by economic volatility. The bank’s monetary policies focus on maintaining this stability, controlling inflation, and fostering a healthy economic environment conducive to growth and investment.
International Trade and the Uruguayan Peso
In international trade, the stability of the Peso is crucial, particularly for Uruguay's exports such as beef, soybeans, and dairy products. A stable Peso is vital for maintaining competitive export prices and for managing the import of goods.
Remittances and Economic Impact
Remittances from Uruguayans living abroad, particularly in Spain, Argentina, and the USA, are a significant source of foreign income. These remittances, converted into Pesos, support many families and contribute to the national economy.
KAN to IQD conversion rate trend
KAN to IQD market statistics
More info about KAN on Bitget
Current KAN to IQD exchange rate
KAN to Uruguayan Peso is rising this week.KAN to IQD Conversion tables
The exchange rate of KAN is increasing.KAN to IQD
IQD to KAN
KAN to IQD Today vs. 24 hours ago
Amount | 05:49 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 KAN | ع.د0.5098 | ع.د0.5032 | +1.31% |
1 KAN | ع.د1.02 | ع.د1.01 | +1.31% |
5 KAN | ع.د5.1 | ع.د5.03 | +1.31% |
10 KAN | ع.د10.2 | ع.د10.06 | +1.31% |
50 KAN | ع.د50.98 | ع.د50.32 | +1.31% |
100 KAN | ع.د101.96 | ع.د100.65 | +1.31% |
500 KAN | ع.د509.8 | ع.د503.24 | +1.31% |
1000 KAN | ع.د1,019.61 | ع.د1,006.47 | +1.31% |
KAN to IQD Today vs. 1 month ago
Amount | 05:49 am today | 1 month ago | 1M change |
---|---|---|---|
0.5 KAN | ع.د0.5098 | ع.د0.4854 | +5.04% |
1 KAN | ع.د1.02 | ع.د0.9708 | +5.04% |
5 KAN | ع.د5.1 | ع.د4.85 | +5.04% |
10 KAN | ع.د10.2 | ع.د9.71 | +5.04% |
50 KAN | ع.د50.98 | ع.د48.54 | +5.04% |
100 KAN | ع.د101.96 | ع.د97.08 | +5.04% |
500 KAN | ع.د509.8 | ع.د485.39 | +5.04% |
1000 KAN | ع.د1,019.61 | ع.د970.78 | +5.04% |
KAN to IQD Today vs. 1 year ago
Amount | 05:49 am today | 1 year ago | 1Y change |
---|---|---|---|
0.5 KAN | ع.د0.5098 | ع.د0.5952 | -14.36% |
1 KAN | ع.د1.02 | ع.د1.19 | -14.36% |
5 KAN | ع.د5.1 | ع.د5.95 | -14.36% |
10 KAN | ع.د10.2 | ع.د11.9 | -14.36% |
50 KAN | ع.د50.98 | ع.د59.52 | -14.36% |
100 KAN | ع.د101.96 | ع.د119.04 | -14.36% |
500 KAN | ع.د509.8 | ع.د595.2 | -14.36% |
1000 KAN | ع.د1,019.61 | ع.د1,190.39 | -14.36% |
How to convert KAN to IQD



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