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50 Pesos Uruguayos

Uitgever Banco Central del Uruguay
Jaar 2003
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Drukker François-Charles Oberthur Fiduciaire, France
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Opschrift keerzijde BANCO CENTRAL DEL URUGUAY PESOS URUGUAYOS CINCUENTA MONEDA NACIONAL MONUMENTO A JOSE PEDRO VARELA FRANÇOIS-CHARLES OBERTHUR FIDUCIAIRE
(Translation: Central Bank of Uruguay Pesos Uruguayos Fifty National currency Monument to José Pedro Varela)
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Beveiligingstype Watermark, Security thread
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Opmerkingen

The 2003 series marked a denominational reset for Uruguay — the peso uruguayo had replaced the nuevo peso in 1993 at a rate of 1,000 to 1, itself a consequence of the inflationary spiral of the 1980s. By 2003, the country was in the grip of a severe banking crisis triggered partly by contagion from Argentina's 2001 collapse, which froze dollar deposits and caused a bank run that wiped out roughly a third of Uruguay's deposit base.

Oberthur's production of this issue is consistent with Uruguay's long reliance on French security printers for its higher-denomination paper.