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5 Pesos Law of Jan. 2nd., 1939 - Issued by BROU

Issuer Banco de la República Oriental del Uruguay (BROU)
Year 1948
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Printer Thomas De La Rue & Company, London, United Kingdom
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Reverse lettering DEPARTAMENTO DE EMISIÓN DEL BANCO DE LA REPÚBLICA ORIENTAL DEL URUGUAY CINCO PESOS
(Translation: Issuing department of the Bank of the Oriental Republic of Uruguay Five Pesos)
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Protection description No watermark
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Comments

The P#36 series was printed by Thomas De La Rue across a remarkably long production run, with notes issued under the authority of the 1939 law remaining in circulation well into the 1950s. Uruguay's monetary policy in this period was shaped by the country's export windfall during and after World War II — wool, meat, and hides flooded Allied markets, and BROU managed an unusually stable peso through years when neighboring currencies were collapsing.

The watermark is the sole mechanical security feature, typical of De La Rue's mid-century output for smaller South American central banks operating on constrained security-printing budgets.

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