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500 Nuevos Pesos
| Issuer | Uruguay |
|---|---|
| Year | 1989 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Weight | 11.78 g |
| Diameter | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Latin |
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| Reverse description | Log in to see details |
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| Reverse lettering | N$ 500 1989 |
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| Mintage | Log in to see details |
| Additional information |
By 1989, Uruguay's currency had been through a decade of sustained devaluation — the "nuevo peso" system introduced in 1975 replaced the old peso at 1,000:1, and inflation continued eating through even that reformed unit. A 500-nuevo-peso coin, worth roughly equivalent to a few U.S. cents at the time, reflects just how far purchasing power had collapsed before the country eventually redenominated again with the peso uruguayo in 1993, dropping three more zeros.