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5 Pesos

Issuer Banco de la República Oriental del Uruguay
Year 1934
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Size 142 × 73 mm
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Obverse lettering Banco de la República Oriental del Uruguay pagará al portador y a la vista la cantidad de CINCO PESOS en moneda legal de oro o plata sellada LEY DE 4 AGOSTO DE 1896 MONTEVIDEO, 9 DE AGOSTO DE 1934.
(Translation: 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 9th., 1934.)
Reverse description The issuer's name arches across the upper and lower margins, framing a central face value panel set within an elaborate multicoloured guilloche pattern. Repeated denomination inscriptions in varying sizes fill the intervening fields, rendered in a rich interlocking lathe-work design typical of the period.
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Giesecke & Devrient had a long and commercially aggressive relationship with Latin American central banks throughout the interwar period, and Uruguay was a steady client. This 1934 issue arrived during a moment of real institutional strain — the Banco de la República was managing fallout from the 1929 crash while simultaneously defending a currency that had been formally pegged to gold until 1932, when Uruguay, like most of the region, abandoned convertibility under pressure.

Pick 22 is the third type in the banco's 5 Peso series. The Leipzig printing origin is confirmed; G&D retained their Reichsdruckerei-adjacent facilities there until wartime disruption eventually forced Uruguayan contracts elsewhere.