Title: Economy of Uruguay
Content:  Uruguay has a partially dollarized economy. almost 60% of bank loans use United States dollars, but most transactions use the Uruguayan peso. Today, the Uruguayan peso is minted in coins of 1, 2, 5, 10, and 50 pesos and in banknotes of 20, 50, 100, 200, 500, 1000, and 2000 pesos.
Title: Currency of Uruguay
Content:  piece of Sardinia (6·451 g, 0·900 fine), $3·60; the British sovereign (7·981 g, 0·917 fine), $4·70; the Spanish doblón of 100 reales vellón (8·336 g, 0·901 fine), $4·80; the Chilean condór (15·253 g, 0·900 fine), $9·00; the American eagle (16·717 g, 0·900 fine), $9·60. Postage stamps of 6, 8, 10, and 12 (new) centésimos replaced the old denominations of 60, 80, 100, and 120 in February 1864. Uruguay was in a state of turmoil and civil strife; there were repeated runs on the banks. Mauá Bank survived a brief run in January 1864. It floated a loan for the government of Gen. Flores in December, and when it suffered another run in 1865, the government suspended specie payments 
Title: Currency of Uruguay
Content:  Escudo = 10 Reales = 1000 Centésimos de real (for gold) Patacón = 10 Reales = 1000 Centésimos de real (for silver)
Title: Currency of Uruguay
Content:  In 1828, Uruguay's currency was based on the silver peso ($) of eight reales (R or r), commonly known as the patacón, and the gold onza de oro, valued at 16 pesos silver. But a large quantity of debased copper coin also circulated. Lacking the means to implement a national coinage, Gen. José Rondeau's provisional government permitted foreign silver and gold coin to circulate freely (law of 4 October 1828) at its intrinsic value, but it restricted and then prohibited the import of copper coin and the circulation of Buenos Aires bank notes (March 1829). In January 1831, Gen. Fructuoso Rivera demonetized all copper coin in circulation, i.e., the coppers ceased to be legal tender for individuals and would be neither received nor paid out by public offices. Next, it was withdrawn at 
Title: Currency of Uruguay
Content:  The Treasury issued promissory notes (vales de Tesorería), dated 12 July 1855, in denominations of 2 and 4 reales, and 1, 5, 10, 25, 50, and 100 pesos.
Title: Currency of Uruguay
Content:  Nickel-bronze, 1968: $1, 17.3 mm (103·2 million); $5 (42·68 million); $10, 23 mm (90 million).
Title: Uruguayan peso
Content:  Uruguayans became accustomed to the constant devaluation of their currency. Uruguayans refer to periods of real appreciation of the currency as atraso cambiario, which literally means that "the exchange rate is running late". As a consequence of the instability of the local currency, prices for most big-ticket items (real estate, cars and even executives' salaries) are denominated in U.S. dollars. During the military rule, the peso was on a crawling peg to the dollar. A table of the future value of the dollar was published daily by the government (called the tablita). In 1982, the currency was devalued ("the tablita was broken"), throwing thousands 
Title: Currency of Uruguay
Content:  Peso = 100 Centésimos
Title: Currency of Uruguay
Content:  Peso = 100 Centésimos
Title: Currency of Uruguay
Content:  Due to a chronic shortage of small change, the government followed the example of U.S. postal currency: copies of current postage stamps in denominations of 1, 5, 10, and 20 centésimos were prepared with extra-wide margins and issued to serve as small change.

Question: Verify the following claims with "True" or "False": Taghand is not the actual currency in Uruguay.
Answer: True