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500 Pesos Law of Jan 2nd., 1939 - Issued by BROU
| Issuer | Banco de la República Oriental del Uruguay |
|---|---|
| Year | 1952 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Paper |
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| Obverse description | Log in to see details |
|---|---|
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| Protection type | Watermark |
| Protection description | Portrait of José G. Artigas. |
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| Comments |
The Banco de la República Oriental del Uruguay's 500-peso denomination was the highest value in regular circulation for much of the mid-twentieth century, and the 1939 law authorization remained the legal basis for successive printings well into the 1950s — a common Uruguayan practice of renewing note stocks under outdated statutory authority rather than issuing fresh legislation. Thomas De La Rue produced this series in London throughout that period, their long relationship with BROU predating this issue by decades.
At 500 pesos, these notes were substantial transactional instruments in a country where inflation was beginning to accelerate ahead of the more severe monetary pressures of the late 1950s.