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1 Peso Law of Aug. 14th., 1935
| Issuer | Banco de la República Oriental del Uruguay |
|---|---|
| Year | 1937 |
| Type | Standard circulation banknote |
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| Obverse description | At left, a vignette of a seated indigenous figure is rendered in intaglio; at centre-right, the face value and the national coat of arms appear within ornate guilloche borders. A plain watermark field occupies the right portion of the note, framed within the classical De La Rue intaglio layout typical of the period. |
|---|---|
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| Protection type | Watermark |
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| Comments |
Uruguay's Banco de la República Oriental del Uruguay had maintained a relationship with Thomas De La Rue stretching back decades by the time this note was commissioned — a deliberate policy choice by a government that consistently preferred London-printed currency over regional alternatives, in part to signal fiscal credibility to foreign creditors during a period of chronic balance-of-payments pressure.
The governing legislation, the Law of August 14, 1935, was passed during Gabriel Terra's presidency, a period of constitutional rupture following his 1933 coup. Notes authorized under it carried the legal weight of the new order, whatever the public thought of it.