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5 Pesos Law of Aug. 14th., 1935

Issuer Banco de la República Oriental del Uruguay
Year 1937
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Printer Thomas De La Rue & Company, Limited, London, United Kingdom
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Reverse description Central vignette after José Belloni's sculpture La Carreta, rendered as an engraved pastoral scene of ox-drawn wagons crossing open grassland with drovers; the composition is framed by ornate neoclassical columns with guilloche panels, denomination numerals at all four corners, and the legend CINCO PESOS in a decorative cartouche at the bottom. The printer's imprint of Thomas De La Rue & Co. Ltd., Londres, Inglaterra appears at the lower margin.
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Protection description Portrait of José G. Artigas.
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Comments

Uruguay's 1935 banking law that authorized this series was itself a product of the country's painful navigation through the global depression — the Banco de la República had been forced to suspend gold convertibility in 1931, and the new legislative framework was an attempt to stabilize a note-issuing regime that had operated under improvised conditions for years. Thomas De La Rue's involvement was entirely typical for the region's better-capitalized central banks during this period; Montevideo's institutions had long preferred London printers over Buenos Aires alternatives.

P#29 is the earlier of two distinct signature varieties in this denomination. The watermark pattern is the only security feature on an otherwise straightforward intaglio sheet.

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