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10 000 Nuevos Pesos

Issuer Banco Central del Uruguay
Year 1989
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Value 10 000 Nuevos Pesos (10 000 UYN)
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Obverse description Portrait of Alfredo Vásquez Acevedo in intaglio to the right, with the national coat of arms positioned to the left above the watermark area. Fine guilloche underprint covers the note field, with the denomination and issuing authority inscribed in letterpress. The overall design is executed in a classical engraving style typical of De La Rue productions of this era.
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Reverse description Intaglio vignette of the Universidad de la República building (University of the Republic) occupying the left portion of the note, rendered in fine architectural detail against a multicolour guilloche underprint. To the right, an open book within a laurel wreath vignette serves as a symbolic device, flanked by the issuer's name and denomination in bold letterpress. The printer's imprint "THOMAS DE LA RUE AND COMPANY LIMITED" appears in small text at the lower right, with the denomination N$10.000 repeated at three corners.
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By 1989, Uruguay's inflation had been running at triple-digit annual rates for years, and the 10,000 Nuevos Peso denomination — unthinkable a decade earlier — was a direct consequence. The Nuevo Peso itself had been introduced in 1975 to replace the original Peso at 1,000:1; this note represents that replacement currency already inflating toward its own eventual obsolescence.

Thomas De La Rue printed the series in London under contract, a long-standing arrangement for Uruguayan central bank issues. The watermark is the sole security concession on this note — a spare specification for a denomination that was, by the time of issue, losing purchasing power faster than counterfeiting posed any serious threat.