100 Pesos Uruguayos Banco de la Republica Oriental del Uruguay

Uruguay's Banco Central issued this piece in 1996 as part of a broader commemorative silver program that the institution ran through the mid-1990s, though the specific occasion it marks remains ambiguous across major references — an uncommon admission for a modern issue. The attribution to the Banco de la República Oriental del Uruguay in the name rather than the issuing Banco Central reflects a deliberate institutional distinction: the BROU, founded in 1896, functions as the state commercial bank, while the BCU holds monetary authority — a separation formalized only in 1967.