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20 Centésimos Banco Nacional
| Issuer | Banco Nacional de la República Oriental del Uruguay |
|---|---|
| Year | 1887 |
| Type | Standard circulation banknote |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANCO NACIONAL DE LA REPÚBLICA ORIENTAL DEL URUGUAY Pagarémos al portador y a la vista 20 VEINTE CENTÉSIMOS Moneda Nacional Oro Sellado con arreglo á la Ley de 23 de Junio de 1862 Montevideo, 25 de Agosto de 1887 (Translation: Banco Nacional (National Bank) of the Oriental Republic of Uruguay We will pay to the bearer and at sight 20 Twenty Cents National currency gold sealed accordingly to Law from June 23rd., 1862 Montevideo, August 25th., 1887) |
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| Reverse lettering | BANCO NACIONAL DE LA REPÚBLICA ORIENTAL DEL URUGUAY 20 20 VEINTE VEINTE Waterlow & Sons (Limited) Great Winchester Street, Londres, Inglaterra (Translation: Banco Nacional (National Bank) of the Oriental Republic of Uruguay 20 20 Twenty Twenty Waterlow & Sons (Limited) Great Winchester Street, London, England) |
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| Comments |
Waterlow & Sons held a dominant position in South American banknote contracts throughout the late nineteenth century, and Uruguay was among their steadiest clients. This issue predates the formal restructuring of Uruguayan public finance that followed the 1890 Baring Crisis — a regional shock that ultimately destabilized several institutions issuing paper at precisely this denomination range.
The Banco Nacional itself had a troubled run, operating under persistent political pressure before its eventual liquidation. Notes from this period circulated alongside competing issues from other authorized banks, which complicated redemption and left small-denomination paper particularly vulnerable to public distrust.