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5 Pesos

Issuer Banco de la República Oriental del Uruguay
Year 1896
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Composition Paper
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Obverse description Portrait vignette of Bruno Mauricio de Zabala at left, with the national coat of arms at right and the face value at centre. The issuer name arches across the top of the note within an ornate letterpress border. Guilloche underprint panels frame the central text block carrying the promise-to-pay inscription.
Obverse lettering el BANCO de la REPÚBLICA ORIENTAL del Uruguay pagará al portador y á la vista la cantidad de CINCO PESOS en moneda legal de oro ó plata sellada. LEY DE 4 DE AGOSTO DE 1896 MONTEVIDEO, 24 DE AGOSTO DE 1896
(Translation: The Bank of the Oriental Republic of Uruguay will pay to the bearer and at sight the amount of Five Pesos in legal currency of gold or sealed silver. Law of August 4th, 1896. Montevideo, August 24th, 1896)
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Giesecke & Devrient held a near-monopoly on Uruguayan banknote production in the late nineteenth century, and this 5 Pesos is one of the earlier results of that relationship. The Banco de la República Oriental del Uruguay had only been established in 1896 by government decree — this note was among its founding issues, replacing the fragmented landscape of private bank paper that had caused repeated financial instability in preceding decades.

The Leipzig printing is confirmed by the G&D imprint; Uruguay's own security printing capacity would not develop meaningfully until well into the twentieth century.