Banknotes of Uruguay

The official currency of Uruguay is the Uruguayan peso (UYU), issued by the Central Bank of Uruguay. Paper money was first introduced in Uruguay in 1862. A notable reform took place in 1973, when the currency was redenominated, resulting in the introduction of the new Uruguayan peso at a rate of one new peso to 1,000 old pesos. Collectors find the banknotes of Uruguay appealing due to their vibrant colors and intricate designs. The 1975 series features portraits of national heroes like José Artigas, highlighting significant individuals from the country's fight for independence. Additionally, the use of various watermarking techniques and engravings in these notes demonstrates the evolution of security features over time.