Uruguayan Peso Banknotes (UYU)

The Uruguayan peso is defined by its 1993 redenomination and a modern banknote series where cultural identity and controlled technological evolution shape a refined monetary system.

Quick Facts

Country: Uruguay

Code: UYU

Symbol: $U

System: Decimal (1 Peso = 100 Centésimos)

Status: In circulation

Issuer: Central Bank of Uruguay

The Story of the Uruguayan Peso

The Uruguayan peso (UYU) was introduced in 1993 following a 1,000:1 redenomination of the previous peso system, marking a decisive step toward monetary stabilization after inflationary pressures. Issued by the Central Bank of Uruguay, the currency has developed within a disciplined institutional framework, reflecting one of the most stable economic environments in South America. Its modern evolution is characterised not by abrupt transformation, but by gradual refinement in both design and production standards.

Design & Symbolism

Banknotes of the UYU series are recognised for their balanced composition, where cultural narrative and technical execution are carefully integrated. The obverse features prominent national figures such as José Gervasio Artigas and poet Juana de Ibarbourou, establishing a strong intellectual and literary identity. Reverse designs incorporate architectural and symbolic elements reflecting national heritage. Security features include multi-tone watermarks, security threads, microprinting and optically variable elements, while selected modern issues introduce polymer substrates, adding durability without disrupting the overall visual continuity of the series.

For collectors

For collectors, the Uruguayan peso offers a clearly structured modern series shaped by redenomination and gradual technical evolution. The transition from earlier paper issues to later hybrid and polymer notes creates distinct collecting layers within a relatively compact system. UNC examples are valued for their clean surfaces, precise engraving and well-preserved optical features, with condition playing a key role due to circulation and environmental factors.

The Uruguayan peso remains the official currency of Uruguay, circulating within a stable and institutionally regulated monetary system.