50 Centésimos

Uruguay's 1990s monetary stabilization followed the catastrophic 1982 peso crisis and a decade of IMF-negotiated austerity. The centésimo denominations, effectively worthless through the inflation years, were reintroduced as functioning currency only after the 1993 revaluation created the nuevo peso's successor — the peso uruguayo — at a rate that finally made sub-peso coins viable again. This series ran until the 2008 coinage reform quietly retired the smaller denominations, as persistent inflation had once again eroded their practical utility.