Catalog
1 Libra Peruana de Oro Circular Check; Series J; Law #2776
| Issuer | Junta de Vigilancia por los Bancos Emisores (Banco del Perú y Londres, Banco Italiano, Banco Internacional del Perú, Banco Popular del Perú) |
|---|---|
| Year | 1918 |
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| Composition | Log in to see details |
| Size | 145 x 76 mm |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse description | Printed entirely in red-orange; a standing figure of Mercury occupies the center of the composition, with the face value expressed in numerals at all four corners and along the sides of the central images, and in full text below. The printer's imprint appears at the bottom. |
| Reverse lettering | CHEQUE CIRCULAR PERU 1 UNA LIBRA PERUANA DE ORO AMERICAN BANK NOTE COMPANY. (Translation: Circular Check, Peru. One Libra Peruana de Oro (One Peruvian Golden Pound).) |
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| Comments |
Law 2776, passed in 1914 as Peru scrambled to manage the monetary disruption triggered by the outbreak of the First World War, authorized a joint supervisory body — the Junta de Vigilancia — to issue emergency circulating checks backed collectively by four of Lima's leading commercial banks. The arrangement was unusual: no single bank bore sole liability, and the checks were redeemable across the consortium.
Series J places this example among the later printings of the type, suggesting the emergency mechanism ran longer than originally anticipated. ABNC's involvement meant the notes were well-produced, but the authorization, not the paper, was the fragile part of the equation.