Catalog
1 Libra Peruana de Oro
| Issuer | Junta de Vigilancia |
|---|---|
| Year | 1918 |
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| Value | 1 Libra Peruana de Oro |
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| Obverse description | Dark blue cheque circular note with the large numeral '1' at centre, flanked by two winged allegorical figures in classical style positioned at left and right. The upper portion bears the heading 'CHEQUE CIRCULAR' in bold serif lettering, with serial numbers '507438' at both upper corners. The lower portion carries the denomination inscription 'UNA LIBRA PERUANA DE ORO' above a line of smaller regulatory text, with three manuscript signatures along the bottom margin and the place and date of issue 'Lima' printed within the body of the note. |
|---|---|
| Obverse lettering | CHEQUE CIRCULAR UNA LIBRA PERUANA DE ORO Lima UNO 1 |
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| Comments |
The Junta de Vigilancia was a wartime oversight body established by the Peruvian government to manage the suspension of gold convertibility during the First World War — a measure taken after the Banco de Reserva del Perú had not yet been founded (that came in 1922) and the existing commercial banks were struggling to maintain specie payments. Notes issued under this authority were emergency instruments, bridging a gap in the formal banking structure rather than representing routine monetary policy.
The Libra Peruana de Oro was Peru's gold-standard unit, pegged to the British pound sterling in weight and fineness — the name itself reflects that alignment. By 1918, the gold it nominally represented was entirely theoretical.