1 Sol Banco de Arequipa

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.