Catalog
5 Pesos Uruguayos
| Issuer | Banco Central del Uruguay |
|---|---|
| Year | 2003-2008 |
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| Composition | Log in to see details |
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| Technique | Milled |
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|---|---|
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| Reverse description | The denomination is expressed prominently in the upper field as a large numeral '5' accompanied by a dollar sign '$' to its lower left, both rendered in bold raised relief. Below, the inscription CINCO PESOS URUGUAYOS appears in two lines across the centre of the field, separated from the date by a horizontal rule. The four-digit date appears in the lower exergue beneath the rule. |
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| Reverse lettering | $5 CINCO PESOS URUGUAYOS 2008 |
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| Additional information |
Uruguay's 2002 banking crisis — triggered by Argentina's financial collapse next door and a catastrophic run on Uruguayan deposits — forced the government to freeze accounts and restructure the entire monetary system. This coin entered circulation as the country rebuilt, part of a new peso series introduced when the old peso uruguayo had lost credibility with the public. The copper-aluminium-nickel alloy was a deliberate cost-cutting choice at a moment when the treasury could ill afford anything more expensive.