Catalog
1 Sol 1/10 Libra Peruana de Oro
| Issuer | Bancos del Perú y Londres, Italiano, Internacional del Perú y Popular del Perú |
|---|---|
| Year | 1918 |
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| Composition | Paper |
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|---|---|
| Obverse lettering | CHEQUE CIRCULAR EMITIDO POR LOS BANCOS DEL PERÚ Y LONDRES, ITALIANO, INTERNACIONAL DEL PERÚ Y POPULAR DEL PERÚ CON ARREGLO A LA LEY Nº 2776 1 1 LIMA, 16 de Setiembre de 1918 UN SOL UN DÉCIMO DE LIBRA PERUANA DE ORO PAGADERO CONFORME A LA MISMA LEY POR LOS BANCOS EMISORES (Translation: Circulating Check Issued by Perú and London Bank, Italian, International of Perú and Popular of Perú as stated on Law No. 2776 1 1 Lima, September 16th, 1918 One Sol One Tenth of Libra Peruana de Oro (Golden Peruvian Pound) To be paid accordingly to the same Law by the issuing banks.) |
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| Reverse lettering | CHEQUE CIRCULAR PERU 1 UN SOL 1 UN SOL PAGADERO CONFORME A LA LEY Nº 2776 (Translation: Circulating Check Peru 1 One Sol 1 One Sol To be paid according to Law No. 2776) |
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| Comments |
By 1918, Peru's banking system had fractured into competing private institutions unwilling to accept each other's notes at par. This piece is the product of a forced compromise: four rival banks — Banco del Perú y Londres, Italiano, Internacional del Perú, and Popular del Perú — were compelled by the government to issue a joint emergency fractional note to address a severe shortage of small-denomination currency that had been worsening since the outbreak of the First World War disrupted coin supplies.
The ABNC plate was shared across the consortium, with all four issuing banks named on the face — an arrangement without close parallel in Peruvian monetary history. The fractional designation itself, equating 1 Sol to 1/10 of a Libra Peruana de Oro, reflects the gold-linked accounting still nominally in force despite the practical suspension of specie payments.