10 Nuevos Pesos Overprinted on 10 000 Pesos

Uruguay's 1975 monetary reform lopped three zeroes off the peso, converting 10,000 old pesos to 10 nuevos pesos overnight. Rather than printing entirely new stock, the Banco Central authorized Thomas De La Rue to apply the "NUEVOS PESOS" overprint to existing 10,000-peso sheets — a practical solution that left the underlying denomination clearly visible beneath the stamp, a constant reminder of the inflation that had made the reform necessary.

P#58 is one of several overprinted transitional types from this series. The overprint placement can vary slightly between print runs.