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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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| Currency | Sol (1863-1930) / Sol de Oro (1931-1985) |
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|---|---|
| Obverse lettering | 1/2 SERIE B 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 LAS LEYES Nº 1968 Y Nº 1982, POR UNA LIBRA PERUANA DE ORO PAGADERA CONFORME A LAS MISMAS LEYES. LIMA, 3 de Octubre de 1914. POR LA JUNTA DE VIGILANCIA POR LOS BANCOS EMISORES POR LA JUNTA DE VIGILANCIA American Bank Note Company (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 Laws # 1968 and 1982. Fiscal stamp, 2 Cents. For One Libra Peruana de Oro. Lima, October 3rd, 1914, payable accordingly to same Law. By Vigilance Joint, by Issuing Banks, by Vigilance Joint.) |
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| 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.