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5 Pesos Comisión de Extinción de Billetes
| Issuer | Comisión de Extinción de Billetes, Uruguay |
|---|---|
| Year | 1875 |
| Type | Standard circulation banknote |
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| Obverse description | Black intaglio print on brown guilloche underprint. The Uruguayan Coat of Arms appears as a vignette at left, flanked by a central pastoral vignette of a cow and calf, with an allegorical seated female figure accompanied by two cherubs at right, representing Agriculture. A rectangular overprint reading 'COMISIÓN DE EXTINCIÓN DE BILLETES' is applied to the left portion of the note. |
|---|---|
| Obverse lettering | Montevideo, 27 de Marzo de 1875. LA REPÚBLICA ORIENTAL DEL URUGUAY 5 RECONOCE ESTE BILLETE POR CINCO PESOS POR LA JUNTA DE CREDITO DEL BANCO CINCO American Bank Note Co. New York (Translation: Montevideo, March 27, 1875. The Oriental Republic of Uruguay Recognizes this banknote for Five Pesos by the Bank Credit Board) |
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| Comments |
The Comisión de Extinción de Billetes was not a bank but a liquidation body — created specifically to absorb and cancel the outstanding note circulation of failed Uruguayan banks following the financial crisis of the early 1870s. That a redemption commission required its own printed currency, produced by the American Bank Note Company, reflects how chaotic the post-crisis monetary environment had become: new paper was needed to retire old paper.
The ABNC's involvement was typical for South American fiscal emergencies of the period, when local printing capacity was simply unavailable on short notice.