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10 000 Pesos

Issuer Banco Central del Uruguay
Year 1973-1975
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Size 155 × 69 mm
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Obverse lettering BANCO CENTRAL DEL URUGUAY
10.000
(serial numbers)
10.000
Co-Gerente General
SERIE B
PAGARÁ AL PORTADOR Y A LA VISTA
DIEZ MIL PESOS MONEDA NACIONAL
Secretario General
Presidente
10.000
ARTIGAS
SERIE B
(serial numbers)
(Translation: Central Bank of Uruguay — Will pay to the bearer and at sight Ten Thousand Pesos National Currency — General Co-Manager — General Secretary — President)
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Reverse lettering BANCO CENTRAL DEL URUGUAY
10.000
DIEZ MIL PESOS
THOMAS DE LA RUE & COMPANY, LIMITED
(Translation: Central Bank of Uruguay — Ten Thousand Pesos)
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Comments

Uruguay's 10,000 Peso note arrived just as the country was entering one of its most turbulent political periods — the military coup of June 1973 dissolved parliament weeks after this series began circulating. The Banco Central had been established only in 1967, and this high denomination reflects the accelerating inflation that had plagued the peso through the late 1960s and early 1970s, with annual rates repeatedly exceeding 50%.

Thomas De La Rue printed the series in London under contract, a common arrangement for Uruguayan issues of the period. The 1975 date marks the practical end of the old peso system; the following year, the government redenominated at 1,000 to 1, replacing these notes with the nuevo peso.

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