100 Pesos Uruguayos

Beschrijving voorzijde	Intaglio portrait of composer Eduardo Fabini in three-quarter view to the right, his name inscribed on a scroll beneath the bust. The national coat of arms appears to the left in the watermark area, flanked by a vertical guilloche band bearing the legend URUGUAY. Three facsimile signatures of bank officials are printed centrally, above the denomination panel showing CIEN in bold letterpress against a fine guilloche underprint. A latent-image oval device occupies the upper right corner.
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Beveiligingstype	Watermark, Security thread
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Opmerkingen	This note was issued against a bleak backdrop: Uruguay's 2002 banking crisis, triggered partly by contagion from Argentina's collapse next door, wiped out nearly half the country's deposits and forced an emergency IMF bailout. The 100 Pesos Uruguayos denomination had real purchasing significance in that environment, though chronic inflation steadily eroded it across the series run. The dual-printer arrangement — G&D in Leipzig and Oberthur in France — was not unusual for Uruguayan issues of this period, with production split across contracts rather than consolidated. Security provision is modest: watermark and thread only, with no optically variable elements.

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