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200 000 Nuevos Pesos

Issuer Banco Central del Uruguay
Year 1992
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Composition Cotton paper
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Obverse lettering BANCO CENTRAL DEL URUGUAY NUEVOS PESOS DOSCIENTOS MIL MONEDA NACIONAL
(Translation: Central Bank of Uruguay Nuevos Pesos Two Hundred Thousand National Currency)
Reverse description A full-colour multicolour vignette at left reproduces Figari's painting "Baile Antiguo", portraying an elegant 19th-century ballroom scene with figures in period dress. To the right, a vignette of an artist's palette and brushes within a laurel wreath serves as a secondary emblem, accompanied by bold guilloche underprinting in green and orange tones. The denomination N$ 200.000 is repeated at upper left and lower right, with the value in words set within a dark rectangular panel at lower centre.
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Comments

Uruguay's 200,000 Nuevos Pesos was one of the highest denominations issued before the 1993 redenomination that replaced the Nuevo Peso at a rate of 1,000 to 1, creating the Peso Uruguayo. The sheer size of the face value reflects the cumulative inflation that had eroded the original Peso Uruguayo through the 1970s and 1980s — the "Nuevo" prefix had itself been introduced in 1975 precisely to reset a currency already damaged by inflation.

De La Rue's involvement was typical of Uruguayan note production during this period, though the series carries only a watermark as its primary security feature — sparse by contemporary standards.

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