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50 Pesos Uruguayos
| Issuer | Banco Central del Uruguay |
|---|---|
| Year | 2003 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Peso uruguayo (1993-date) |
| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANCO CENTRAL DEL URUGUAY PESOS URUGUAYOS CINCUENTA MONEDA NACIONAL (Translation: Central Bank of Uruguay Pesos Uruguayos Fifty National currency) |
| Reverse description | Central vignette presents an intaglio rendering of the Monument to José Pedro Varela, a multi-figure sculptural composition set upon a stepped plinth, with allegorical figures of teachers and children arranged around the base. To the right, a vignette of an open book within a laurel wreath serves as a secondary symbolic element, printed in blue-green tones against a fine guilloche underprint. Denomination numerals and inscriptions are arranged in the lower and upper registers against a warm ochre and red multicolour background. |
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| Comments |
The 2003 series marked a denominational reset for Uruguay — the peso uruguayo had replaced the nuevo peso in 1993 at a rate of 1,000 to 1, itself a consequence of the inflationary spiral of the 1980s. By 2003, the country was in the grip of a severe banking crisis triggered partly by contagion from Argentina's 2001 collapse, which froze dollar deposits and caused a bank run that wiped out roughly a third of Uruguay's deposit base.
Oberthur's production of this issue is consistent with Uruguay's long reliance on French security printers for its higher-denomination paper.