The official currency in Uruguay is the Uruguayan Peso, which is issued and overseen by the Central Bank of Uruguay. If you're buying your travel money online you may also see the official code being shown - UYU. The economy of Uruguay features an export-oriented agricultural sector and a well-educated workforce, along with high levels of social spending. Tourism and banking are also prominent sectors; Uruguay acts as a regional hub for international. Uruguayan peso (Spanish: peso uruguayo) has been a name of the Uruguayan currency since Uruguay's settlement by Europeans. It replaced the previously valid "nuevo peso". 1 Peso is devided into 100 Centesimos.