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Uruguay Hyperinflation Banknotes
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500,000 Nuevos Pesos, 1992
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Back
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Front: Alfredo Vásquez Acevedo (1844-1923), Uruguayans educator
Back: University of Montevideo
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Back to Hyperinflation Banknotes
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Like many other South American countries, Uruguay has experienced inflationary
pressure. The highest denomination before 1975 was 10,000 Pesos. In the 1975
currency reform, 1 Nuevo Peso was exchanged for 1,000 Pesos. By 1992, the
highest denomination was 500,000 Nuevos Pesos. In the 1993 currency reform,
1 Peso Uruguayo was exchanged for 1,000 Nuevos Pesos. The overall impact
of inflation, 1 Peso Uruguayo = 1,000,000 pre 1975 Pesos.
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