Catalog
| Issuer | Junta de Vigilancia |
|---|---|
| Year | 1914 |
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| Shape | Rectangular |
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| Obverse description | The obverse is dominated by a classical allegorical female figure seated at left beside a column, holding a shield and accompanied by a cornucopia, rendered in intaglio within a finely engraved vignette. The central text panel carries the title CHEQUE CIRCULAR in a bold cartouche, followed by multi-line letterpress text naming the issuing banks and the legal authority under Ley No. 1968 of 22 August 1914. The denomination DIEZ LIBRAS PERUANAS DE ORO appears in a prominent banner across the lower centre, with the numeral 10 repeated in guilloche medallions at upper right and lower corners, and a serial number in red at upper centre. |
|---|---|
| Obverse lettering | CHEQUE CIRCULAR EMITIDO POR LOS BANCOS del Perú y Londres, Italiano, Internacional del Perú, Popular del Perú y Alemán Transatlántico y la Caja de Ahorros de Lima, con arreglo á la ley Nº 1968 de 22 de Agosto de 1914. POR DIEZ LIBRAS PERUANAS DE ORO PAGADERAS CONFORME A LA MISMA LEY. LIMA, 8 de Setiembre de 1914. POR LA JUNTA DE VIGILANCIA POR LOS BANCOS EMISORES POR LA JUNTA DE VIGILANCIA Serie C |
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| Comments |
The Junta de Vigilancia was a supervisory body established in Peru in 1914 specifically to manage an acute monetary crisis triggered by the outbreak of World War One. As gold and silver coin disappeared from circulation almost immediately — hoarded by the public and drained by trade imbalances — the Junta was authorized to issue emergency paper currency to keep commerce functioning. These notes were not produced by a recognized central bank but by an ad hoc institution with a narrow and temporary mandate.
Printing locally in Lima rather than contracting a foreign security printer was itself a necessity of the moment. International shipping and communication disruptions made engaging firms like Bradbury Wilkinson or the American Bank Note Company impractical on short notice.