Catalog
1000 Pesos FAO
| Issuer | Banco de la República Oriental del Uruguay |
|---|---|
| Year | 1969 |
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| Composition | Silver (.900) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Latin |
| Obverse lettering | - URUGUAY - MIL PESOS (Translation: Uruguay One thousand Pesos) |
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| Additional information |
Issued under the UN Food and Agriculture Organization's coin program, which enlisted central banks worldwide to mint commemorative pieces promoting agricultural development and food security initiatives. Uruguay's participation reflected the country's dependence on pastoral exports — beef and wool dominated its economy, making the FAO mandate locally resonant in ways it wasn't for purely industrial nations.
By 1969, Uruguay was already experiencing the monetary instability that would accelerate through the early 1970s, eventually forcing a currency redenomination in 1975 that replaced the peso at 1,000-to-1.