5 Pesos Comisión de Extinción de Billetes

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.