10 000 Pesos

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.