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5 unusual facts about Currency of Uruguay


Currency of Uruguay

Lacking the means to implement a national coinage, Gen. José Rondeau's provisional government permitted foreign silver and gold coin to circulate freely (law of 4 October 1828) at its intrinsic value, but it restricted and then prohibited the import of copper coin and the circulation of Buenos Aires bank notes (March 1829).

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Its circulation outside the city of Montevideo was prohibited by the government of Gen. Manuel Oribe.

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When war prevented the delivery of notes from Germany, Banco de la República contracted with the British firm of Waterlow & Sons, which printed notes for 1, 5, 10, 100, and 500 pesos, featuring a portrait of J.G. Artigas.

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New denominations were introduced between 1983 and 1990 with a central design other than a portrait of J.G. Artigas (which had dominated note design since 1915).

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Banco Central also began issuing a new series of notes of uniform size (155 × 69 mm), featuring a portrait of J.G. Artigas: 50, 100, 500, 1000, 5000, and 10,000 pesos.



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