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50 000 Nuevos Pesos

Issuer Banco Central del Uruguay
Year 1989-1991
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Value 50 000 Nuevos Pesos (50 000 UYN)
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Obverse lettering BANCO CENTRAL DEL URUGUAY
NUEVOS PESOS
CINCUENTA MIL
MONEDA NACIONAL
N$50.000
(Translation: Central Bank of Uruguay / Nuevos Pesos / Fifty Thousand / National Currency / N$50,000)
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Protection type Watermark
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Comments

By the time this denomination was issued, Uruguay had already lived through one hyperinflationary cycle severe enough to require the introduction of the Nuevo Peso in 1975 — itself a replacement at 1,000 to 1. A 50,000-unit note in that same currency signals how thoroughly that stabilization had unraveled by the late 1980s, when annual inflation climbed back above 80 percent and kept rising.

De La Rue's London production was standard practice for the Banco Central throughout this period. The series was superseded when Uruguay redenominated again in 1993, converting at 1,000 Nuevos Pesos to one Peso Uruguayo — effectively erasing five zeroes from the currency in under two decades.

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