500 Pesos Uruguayos Salto City

Salto, Uruguay's second-largest city and birthplace of José Batlle y Ordóñez, has long occupied an outsized place in Uruguayan political history relative to its provincial standing. This issue belongs to a commemorative series the Banco Central launched in the early 2000s celebrating departmental capitals — a program that generated modest collector interest domestically but was largely ignored in international markets, keeping secondary-market premiums thin.

Salto sits on the Río Uruguay directly opposite Concordia, Argentina, a crossing point that made it strategically and commercially significant throughout the 19th century border disputes between the two nations.