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500 Pesos

Issuer Banco de la República Oriental del Uruguay
Year 1896
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Value 500 Pesos (500 UYP)
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Reverse description The face value in large numerals and words occupies the centre of the composition, dividing the issuer's name between the upper and lower registers. Allegorical vignettes of Minerva and Apollo, personifying the arts and sciences, flank the central denomination panel within an elaborate guilloche border.
Reverse lettering BANCO de la REPÚBLICA ORIENTAL PESOS 500 QUINIENTOS del URUGUAY
(Translation: Bank of the Oriental Republic Pesos 500 Five Hundred of Uruguay)
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Comments

Giesecke & Devrient's Leipzig facility was one of the most technically advanced security printers in the world by the 1890s, supplying banknotes to governments across Latin America, Africa, and Asia simultaneously. Uruguay's choice of G&D for this series was deliberate — the firm's intaglio work was considered a reliable deterrent against the counterfeiting that had plagued earlier Uruguayan issues.

The Banco de la República Oriental del Uruguay itself had only been established in 1896, making this note among the earliest issues from an institution that replaced a fragmented system of private and state banks. The 500 Peso denomination would have represented an enormous sum in everyday Uruguayan commerce at the time — essentially a wholesale instrument rather than anything a wage earner would handle.

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