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The Uruguayan Peso (UYU) is the official currency of Uruguay, a country located in the southeastern region of South America. It is used for all financial transactions within the country and is subdivided into 100 centésimos. The peso has been in circulation since the early 19th century, reflecting Uruguay's economic history and development.
The Euro (EUR) is the official currency of the Eurozone, which consists of 19 of the 27 European Union member states. It was introduced in 1999 and has become the second most traded currency in the world, following the United States dollar. The Euro facilitates easier trade and travel among member countries by eliminating the need for currency exchange and providing a stable economic framework.