Catalog
10 Libras Peruanas de Oro
| Issuer | Banco de Reserva del Peru |
|---|---|
| Year | 1922-1926 |
| Type | Standard circulation banknote |
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| Obverse description | Black ink on yellow-orange underprint. A vignette at left portrays a rubber tree worker in a tropical setting, executed in fine intaglio engraving. The face carries the issuing bank title, denomination in both numerals and words, and a clause referencing Law No. 4500, with the date of issue printed across the lower portion. Similar in design layout to P#39. |
|---|---|
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| Protection type | Watermark |
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| Comments |
The Banco de Reserva del Perú was established in 1922 — the same year this series began — created specifically to centralize currency issuance and strip the commercial banks of their long-held note-issuing privileges. Those banks resisted. The transition was politically contentious enough that early Reserva notes circulated alongside the legacy commercial issues for a period, creating genuine public confusion about which paper held full backing.
The denomination in libras peruanas de oro rather than soles reflects a monetary unit pegged nominally to the British gold sovereign — a convention Peru maintained well past its practical relevance, finally abandoning it in 1931 during the global financial collapse.