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1 Libra Peruana de Oro Circular Check; Series A; Law #1968
| Issuer | Junta de Vigilancia (Banco del Perú y Londres, Banco Italiano, Banco Internacional del Perú, Banco Popular del Perú, Banco Alemán Transatlántico, Caja de Ahorros de Lima) |
|---|---|
| Year | 1914 |
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| Value | 1 Libra Peruana de Oro (10 Soles) |
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|---|---|
| Obverse lettering | SERIE A CHEQUE CIRCULAR TIMBRE FISCAL 2 CENTAVOS EMITIDO POR LOS BANCOS del Perú y Londres, Italiano, Internacional del Perú, Popular del Perú y Alemán Transatlántico y la Caja de Ahorros de Lima, con arreglo á la ley nº1968 de 22 de Agosto de 1914, POR UNA LIBRA PERUANA DE ORO PAGADERA CONFORME A LA MISMA LEY. LIMA, 8 de Setiembre de 1914. POR LA JUNTA DE VIGILANCIA POR LOS BANCOS EMISORES POR LA JUNTA DE VIGILANCIA LIT. T. SCHEUCH, LIMA (Translation: Circular Check, issued by banks of Peru and London, Italian, International of Peru, Popular of Peru and German Transatlantic and the Lima Savings Bank, as stated on Law #1968 of August 22, 1914, For One Libra Peruana de Oro. Lima, September 8th, 1914, payable accordingly to same Law. By Vigilance Joint, by Issuing Banks, by Vigilance Joint.) |
| Reverse description | Printed in red-brown ink throughout with an elaborate guilloche lathe-work border filling the entire field. A central oval vignette contains the Peruvian coat of arms — the quartered shield with vicuña, cinchona tree, and cornucopia, flanked by national flags and surmounted by a laurel wreath — with the legend REPUBLICA PERUANA on a ribbon below. The denomination numeral "1" appears in ornate cartouches at each corner, and the inscriptions CHEQUE CIRCULAR and PERU are set within decorative banners above and below the central vignette respectively. |
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| Comments |
The Junta de Vigilancia was a supervisory body formed by Lima's leading commercial banks in response to the financial disruption of August 1914, when the outbreak of the First World War triggered a run on gold reserves across Latin American banking systems. Peru suspended gold convertibility almost immediately, and these circular checks were issued collectively by the member banks as a temporary fiduciary substitute — essentially a consortium emergency note. The arrangement was unusual: six institutions sharing liability on a single instrument, with no single bank's name carrying sole responsibility.
Printed locally by Scheuch rather than sent abroad to one of the established security printers, which was itself a consequence of wartime shipping uncertainty. The lithographic quality reflects that constraint.