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1000 Pesos

Issuer Banco Central del Uruguay
Year 1974
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Currency Peso (1863-1975)
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Obverse description Intaglio portrait of José Gervasio Artigas in three-quarter view to the right occupies the right portion of the note, with his name inscribed below in capital letters. The Uruguayan coat of arms appears as a central vignette set against an elaborate multicolour guilloche underprint in pink, orange, and gold tones. The denomination numeral "1000" is rendered in an ornate cartouche at the upper left, with a second guilloche cartouche of the same value at the upper right; three manuscript signatures appear at the lower centre above their respective titles.
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Reverse description A large intaglio vignette of the Palacio Legislativo (Legislative Palace) in Montevideo is centred within an oval frame, rendered in purple-rose tones against a fine guilloche background. Ornate rosette cartouches bearing the numeral "1000" are placed at the upper right and lower left, with multicolour decorative scroll borders framing the composition on both sides. The printer's imprint "CASA DE MONEDA - ARGENTINA" appears at the lower right margin.
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Comments

Uruguay's peso suffered acute inflationary pressure through the early 1970s, and this 1000-peso denomination — a high-value note at issue — was eroded to near-worthlessness within a few years of printing. The 1975 monetary reform replaced the peso with the nuevo peso at a rate of 1000 to 1, meaning this note's face value converted exactly to one nuevo peso on redemption.

Printing by Argentina's Casa de Moneda reflected a regional arrangement common among smaller Southern Cone central banks lacking sufficient domestic press capacity at the time.

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