Catalog
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| Issuer | Banco Central del Uruguay |
|---|---|
| Year | 1975 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
| Size | 159 × 74 mm |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANCO CENTRAL DEL URUGUAY LEY Nº 14.316 PAGARÁ AL PORTADOR Y A LA VISTA CIEN NUEVOS PESOS MONEDA NACIONAL ARTIGAS (Translation: Central Bank of Uruguay Law No. 14,316 Will pay to the bearer on demand One Hundred Nuevos Pesos National Currency Artigas) |
| Reverse description | The reverse carries an intaglio vignette of the Estévez Palace (Palacio Estévez), the former seat of government situated on Plaza Independencia in Montevideo, rendered in a detailed architectural style. A fine guilloche underprint frames the central design, with the issuing bank's name inscribed across the upper margin. |
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| Comments |
Uruguay's 1975 monetary reform introduced the nuevo peso at a rate of 1,000 old pesos to one — a redenomination that reflected roughly a decade of accelerating inflation under increasingly authoritarian civilian and then military governance. The junta that had taken full control in 1973 was still consolidating its economic management when this series entered circulation, and De La Rue's involvement was part of a broader continuity with earlier Uruguayan note contracts rather than any new arrangement.
The watermark remains the sole security feature, which by the mid-1970s was already considered minimal for a high-denomination issue.