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100 Nuevos Pesos

Issuer Banco Central del Uruguay
Year 1987
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Value 100 Nuevos Pesos (100 UYN)
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Reverse description Central vignette presents an architectural view of the Estévez Palace (Palacio Estévez), the former seat of the Uruguayan government, situated on Plaza Independencia in Montevideo, rendered in intaglio against a fine guilloche underprint. The building is shown in a formal frontal or three-quarter perspective typical of classic banknote architecture engravings. The issuing authority inscription is printed across the upper portion of the note.
Reverse lettering BANCO CENTRAL DEL URUGUAY
(Translation: Central Bank of Uruguay)
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Comments

The Nuevos Peso series was introduced in 1975 after Uruguay replaced the original Peso at a rate of 1,000 to 1, itself a response to the severe inflation that had plagued the country through the 1960s and early 1970s. By 1987, when this note was issued, inflation had returned with force — annual rates were running above 60% — meaning a 100 Nuevos Pesos denomination was already losing practical purchasing power rapidly. The entire Nuevos Peso system would itself be replaced in 1993, again at 1,000 to 1, when the Peso Uruguayo was reintroduced.

Thomas De La Rue's involvement as printer was long-standing for Uruguayan issues of this period.

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