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1000 Nuevos Pesos

Issuer Banco Central del Uruguay
Year 1978-1981
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Value 1000 Nuevos Pesos (1000 UYN)
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Obverse description Intaglio portrait of José Artigas at right, the national coat of arms at centre, and a blank watermark panel at left, all set against a fine guilloche underprint. The denomination and issuer title are printed in letterpress along the upper and lower margins.
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Reverse description Central vignette rendered in intaglio presents the neoclassical facade of the Old Government Palace (Palacio Estévez) in Montevideo, set within elaborate guilloche scrollwork that frames the composition on all sides. Denomination numerals N$1000 appear in each corner, with the vertical legend MIL NUEVOS PESOS along both lateral borders. The printer's imprint of Thomas De La Rue & Company, Limited appears in small text below the central vignette.
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Uruguay's 1000 Nuevos Pesos series was issued during the military dictatorship that had suspended civilian government in 1973. The "Nuevos Pesos" denomination system had been introduced in 1975, replacing the old peso at a rate of 1000 to 1 — meaning this note's face value was already, nominally, one billion old pesos. Inflation through the late 1970s continued to erode it further.

Thomas De La Rue's involvement was routine for the region and period; the Uruguayan central bank relied on the London printer for much of its high-denomination output during these years. The watermark remains the sole listed security feature, which was not unusual for the series but left it vulnerable to the crude local counterfeiting that plagued several Southern Cone currencies in this period.