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5 Pesos Uruguayos
| Issuer | Banco Central del Uruguay |
|---|---|
| Year | 2003-2008 |
| Type | Standard circulation coin |
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| Composition | Log in to see details |
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| Obverse description | Right-facing bust effigy of José Gervasio Artigas, national hero and founding father of Uruguay, rendered in high relief. The portrait is centrally positioned within the coin field, with fine detail in the facial features and collar. The circular legend REPUBLICA ORIENTAL DEL URUGUAY surrounds the effigy along the coin's periphery in Latin script. |
|---|---|
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| Obverse lettering | REPUBLICA ORIENTAL DEL URUGUAY (Translation: Eastern Republic of Uruguay) |
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| Additional information |
Uruguay's 2002 banking crisis — triggered by Argentina's financial collapse next door and a catastrophic run on Uruguayan deposits — forced the government to freeze accounts and restructure the entire monetary system. This coin entered circulation as the country rebuilt, part of a new peso series introduced when the old peso uruguayo had lost credibility with the public. The copper-aluminium-nickel alloy was a deliberate cost-cutting choice at a moment when the treasury could ill afford anything more expensive.