1 Libra Peruana de Oro

The Banco de Reserva del Peru was established in 1922 — the same year this series began — as Peru's first central bank, replacing the chaotic arrangement under which commercial banks had issued their own competing currency. The libra peruana de oro was pegged to the British gold sovereign, a deliberate policy choice meant to reassure foreign creditors and stabilize an economy still lurching through post-WWI commodity shocks.

ABNC printed the series in New York throughout the issue period, a routine arrangement for Latin American central banks of the era that lacked domestic security printing infrastructure. The Banco de Reserva itself was liquidated in 1931 and reconstituted as the Banco Central de Reserva del Peru — notes from this original institution consequently circulated for under a decade.