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1000 Nuevos Pesos
| Issuer | Banco Central del Uruguay |
|---|---|
| Year | 1991-1992 |
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| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | 159 × 74 mm |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANCO CENTRAL DEL URUGUAY MIL NUEVOS PESOS MONEDA NACIONAL (Translation: Central Bank of Uruguay, One thousand New Pesos, National Currency) |
| Reverse description | Log in to see details |
| Reverse lettering | BANCO CENTRAL DEL URUGUAY N$1000 MIL NUEVOS PESOS THOMAS DE LA RUE & COMPANY, LIMITED. (Translation: Central Bank of Uruguay, 1000 New Pesos, One Thousand New Pesos) |
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| Comments |
Uruguay redenominated its currency in 1975 — one nuevo peso for a thousand old pesos — and then again in 1993, when the nuevo peso was replaced by the peso uruguayo at the same rate. This 1000 Nuevos Pesos note therefore belongs to the twilight of a denomination that was itself born as an anti-inflation measure, only to be overtaken by inflation again within two decades. By the time this series was circulating, annual inflation in Uruguay was running above 100%.
Thomas De La Rue printed the series in London. The watermark is the primary security feature — relatively modest for a high-denomination note in a period when regional central banks were increasingly demanding more sophisticated protection.