5 Nuevos Pesos

Uruguay's 1989 monetary reform replaced the peso uruguayo at a rate of 1,000 to 1, with "nuevo" dropped from the currency name by 1994 once the redenomination was considered sufficiently absorbed. This coin belongs to the transitional series that bridged a period of severe inflation — annual rates had exceeded 60% through much of the 1980s — which explains the unusually light stainless steel construction chosen to keep production costs below face value.