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Uruguay (UY)

South America's most progressive and stable country — Uruguay consistently ranks first in Latin America for democracy, press freedom, and quality of life.

Capital: Montevideo
Region: Americas
Language: Spanish
Currency: UYU ($U)
Cost of living: Affordable (index 55)
Emergency: 911
Free
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Currency & Money

Practical money tips for living in Uruguay.

$U
Uruguayan Peso
UYU

Denominations

Coins: $U 1, 2, 5, 10, 50 centesimos; Banknotes: $U 20, 50, 100, 200, 500, 1000, 2000

Payment Culture

Cards widely accepted in Montevideo and tourist areas. Cash still preferred at markets, street vendors, and smaller interior towns. Debit card purchases under $U 4,000 qualify for IVA reductions. USD accepted in Punta del Este and some tourist businesses.

ATM Tips

BROU, Itau, Santander and BBVA ATMs widely available. Use bank ATMs at shopping centres for safety. Daily withdrawal limit typically $U 20,000–40,000 per transaction. Notify your home bank before travelling.

Exchange Tips

Casas de cambio (exchange bureaus) offer better rates than banks. Dollar/euro exchange freely available. Avoid changing money at the airport. Check BCU (Banco Central) official rate before exchanging.

Pro tip: Best apps for expats

  • • Wise — Send money internationally at near-interbank rates
  • • Revolut — Multi-currency account, free ATM withdrawals (limits apply)
  • • N26 — German IBAN, free account, good for EU residents