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1 Sol Banco de Arequipa
| Issuer | Banco de Arequipa |
|---|---|
| Year | 1871-1873 |
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| Currency | Log in to see details |
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| Shape | Rectangular |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 1 el BANCO de AREQUIPA NÚMERO 322079 A Pagará á la vista UN SOL al Portador en moneda corriente. Arequipa, __ de _____ de 18__. GERENTE DIRECTOR COMPAÑÍA NACIONAL DE BILLETES DE BANCO, NUEVA YORK. (Translation: 1 the Bank of Arequipa will pay at sight one Sol in circulating currency. Arequipa, ____ __th., 18__ Manager, Director National Bank Note Company, New York.) |
| Reverse description | Log in to see details |
| Reverse lettering | BANCO DE AREQUIPA 1 UNO Compañía Nacional de Billetes de Banco Nueva York. (Translation: Bank of Arequipa 1 one National Bank Note Company, New York.) |
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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.