Catalog
1 Libra Peruana de Oro Circular Check; Series B; Laws #1968 and 1982
| Issuer | Bancos del Perú y Londres, Italiano, Internacional del Perú, Popular del Perú y Alemán Transatlántico y la Caja de Ahorros de Lima |
|---|---|
| Year | 1914 |
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| Composition | Paper |
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|---|---|
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| Reverse description | Printed entirely in red-orange; a standing figure of Mercury occupies the central vignette, with the face value expressed numerically in all four corners and in words below the central design. The title of the instrument and the country name appear in the upper portion of the note, and the printer's imprint is placed at the foot. |
| Reverse lettering | CHEQUE CIRCULAR PERU 1 UNA LIBRA PERUANA DE ORO AMERICAN BANK NOTE COMPANY. (Translation: Circular Check, Perú, One Libra Peruana de Oro) |
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| Comments |
The consortium backing this note is itself the story. Five commercial banks plus Lima's savings institution issued it jointly — an emergency coalition formed in August 1914 when Peru's gold reserves drained almost overnight after European creditors began calling in funds at the outbreak of the First World War. The government authorized this plural-issuer arrangement precisely because no single institution could underwrite conversion alone.
ABNC printed the series in New York, yet these circulated as fiduciary instruments guaranteed collectively by signatories who had competing commercial interests in ordinary times. The arrangement dissolved once conditions stabilized, making the Series B emission a narrow window of forced cooperation.