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1 Sol Banco de Arequipa

Issuer Banco de Arequipa
Year 1871-1873
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Currency Sol (1863-1930) / Sol de Oro (1931-1985)
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Obverse description Black intaglio printing on a light green underprint, with an allegorical vignette of Agriculture seated against a background including the Misti Volcano, flanked by a landscape vignette with a train and agricultural scene. The issuer's name runs across the top, with face value in numerals at upper left and lower right corners and in full text at centre below the vignettes; a series letter appears at centre left and right, with red six-digit serial numbers at upper right and lower left. Two manuscript signatures with printed titles appear above the lower centre, where place and a partially handwritten date of issue are recorded, with the printer's imprint along the bottom margin.
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Reverse description Printed entirely in green, the reverse carries the issuer's name at the top, with the face value expressed in both letters and numerals at centre within a simple border, and the printer's imprint below.
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Comments

The Banco de Arequipa was one of several regional private banks chartered in Peru during the early 1870s boom in guano-financed credit expansion. Its notes circulated in the Arequipa region at a moment when Lima's central banking apparatus was still too weak to impose uniform currency discipline across the country, leaving provincial banks considerable latitude to issue their own paper.

The National Bank Note Company of New York printed the series before that firm was absorbed into the American Bank Note Company in 1879. The NBNC had a competitive run producing South American bank paper through the early 1870s, and Arequipa was one of its smaller regional clients.