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500 000 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 QUINIENTOS MIL MONEDA NACIONAL (Translation: Central Bank of Uruguay / Nuevos Pesos / Five Hundred Thousand / National Currency) |
| Reverse description | The Universidad de la República building occupies the left portion of the note in a detailed architectural vignette rendered in blue intaglio, with the institution's name inscribed below. To the right, an open book vignette appears within a decorative wreath. The denomination figures are repeated at the corners, set against a multicolour guilloche underprint in blue and green. |
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| Comments |
Uruguay's 500,000 Nuevos Pesos was issued as hyperinflation gutted the purchasing power of the currency introduced just a decade earlier. The Nuevo Peso had replaced the original Peso in 1975 at 1,000:1; by the time this note was printed, even that redenomination had been lapped by inflation, and denominations of this magnitude were a practical necessity for routine transactions. Within a year of this note's issue, Uruguay redenominated again — the Peso Uruguayo replaced the Nuevo Peso at 1,000:1 in 1993, rendering this denomination obsolete almost immediately.