Catalog
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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| Currency | Sol (1863-1930) / Sol de Oro (1931-1985) |
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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.) |
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| Reverse lettering | CHEQUE CIRCULAR PERU REPUBLICA PERUANA (Translation: Circular check, Peru, Peruvian Republic) |
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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.