Uruguay's nuevo peso system was introduced in 1975, replacing the old peso at a rate of 1,000 to 1 — a direct consequence of inflation that had gutted the previous currency through the late 1960s and early 1970s. The 5 nuevos pesos sat at the upper end of everyday circulation coinage during a period when the country was still under military rule, which had taken power in 1973 and would hold it until 1985.
The series had a short production window before inflation once again eroded the purchasing power of the denomination into irrelevance.
Uruguay's nuevo peso system was introduced in 1975, replacing the old peso at a rate of 1,000 to 1 — a direct consequence of inflation that had gutted the previous currency through the late 1960s and early 1970s. The 5 nuevos pesos sat at the upper end of everyday circulation coinage during a period when the country was still under military rule, which had taken power in 1973 and would hold it until 1985.
The series had a short production window before inflation once again eroded the purchasing power of the denomination into irrelevance.