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2 Pesos Banco Nacional
| Issuer | Banco Nacional de la República Oriental del Uruguay |
|---|---|
| Year | 1887 |
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| Composition | Paper |
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| Obverse description | Central vignette of the Palacio Estévez (former Government House), framed by the issuer's name in a curved legend across the top and along the lower right border. The national arms appear at the upper left, with a large numeral '2' at the upper right. The face value in full letters is set below the central vignette. |
|---|---|
| Obverse lettering | DOS PESOS BANCO NACIONAL de la REPÚBLICA ORIENTAL del URUGUAY Pagaremos al portador y á la vista DOS PESOS Moneda Nacional Oro Sellado con arreglo á la Ley de 23 de Junio de 1862 MONTEVIDEO, 25 de Agosto de 1887 (Translation: Two Pesos National Bank of the Oriental Republic of Uruguay We will pay to the bearer and at sight Two Pesos National Currency Sealed Gold accordingly to Law of June 23rd, 1862 Montevideo, August 25th, 1887) |
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| Comments |
The Banco Nacional de la República Oriental del Uruguay was a short-lived institution, established in 1887 and liquidated by 1896 following a severe banking crisis that brought down several Uruguayan banks simultaneously. This note dates from the bank's founding year, meaning it was issued at the very beginning of an experiment in state-backed banking that lasted less than a decade.
Waterlow & Sons had been printing South American paper currency since the mid-nineteenth century and held contracts across the continent concurrently — the same London facility likely ran Uruguayan, Argentine, and Chilean commissions in close succession during this period.