50 Pesos Uruguayos

The 2015 dated notes in this Uruguayan series were printed by Oberthur Fiduciaire under a contract that also covered several other Latin American central bank clients during the same period. Uruguay had used multiple printers across its post-peso-nuevo issues, and the shift to Oberthur for this generation reflected competitive tendering rather than any policy change at the Banco Central.

The security specification here is relatively modest — watermark and thread only, without the optical variable elements found on higher denominations in the same family. Entirely appropriate for the face value.