Uruguay Hyperinflation Banknotes

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500,000 Nuevos Pesos, 1992

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Front: Alfredo Vásquez Acevedo (1844-1923), Uruguayans educator

Back: University of Montevideo

Back to Hyperinflation Banknotes

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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