10 Pesos Uruguayos

The 10 Pesos Uruguayos series issued under Pick 81 came out as Uruguay was still rebuilding credibility after the brutal financial turbulence of the 1980s debt crisis, which had forced a currency reform and the introduction of the "Peso Uruguayo" denomination structure in 1993. Thomas De La Rue's involvement was typical for Banco Central issues of this period — Uruguay consistently contracted London printers rather than developing domestic security printing capacity.

Watermark-only security on a late-1990s issue is notably sparse by contemporary standards, as intaglio and security threads were already standard on higher denominations in the same series.