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10 Libras Peruanas de Oro Circular Check; Series L; Law #2776

Uitgever Bancos del Perú y Londres, Italiano, Internacional del Perú y Popular del Perú
Jaar 1918
Type Local banknote
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Beschrijving voorzijde Log in om details te zien
Opschrift voorzijde CHEQUE CIRCULAR
EMITIDO POR LOS BANCOS DEL PERÚ Y LONDRES, ITALIANO, INTERNACIONAL
DEL PERÚ Y POPULAR DEL PERÚ, CON ARREGLO Á LA LEY 2776.
TIMBRE FISCAL 2 CENTAVOS
SERIE L
10
por
DIEZ LIBRAS PERUANAS DE ORO
LIMA, 14 de Setiembre de 1918
PAGADERA CONFORME A LA MISMA LEY
POR LA JUNTA DE VIGILANCIA POR LOS BANCOS EMISORES POR LA JUNTA DE VIGILANCIA
American Bank Note Company
(Translation: Circular Check, issued by the Banks of Peru and London, Italian, International of Peru and People's Peru, in accordance with Law No. 2776. Fiscal stamp, 2 Centavos. Series L. 10 / For Ten Peruvian Gold Pounds. Lima, 14 September 1918, payable in accordance with the same Law. By the Vigilance Board / By the Issuing Banks / By the Vigilance Board.)
Beschrijving keerzijde Log in om details te zien
Opschrift keerzijde CHEQUE CIRCULAR
PERU
10
DIEZ LIBRAS PERUANAS DE ORO
AMERICAN BANK NOTE COMPANY.
(Translation: Circular Check, Peru. Ten Peruvian Gold Pounds.)
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Opmerkingen

Law #2776, passed in 1914 as Peru scrambled to manage a wartime liquidity crisis, authorized a consortium of four private banks to issue joint "circular checks" — a deliberately awkward instrument that was neither a government note nor a standard commercial draft. The multi-issuer arrangement was unusual even by Latin American emergency standards: each bank guaranteed the others' obligations, which created legal ambiguities that took years to resolve after the series was retired.

The Series L designation places this among the later printings; ABNC produced the plates in New York, but the four co-issuing banks held signing authority, and notes required countersignatures from representatives of each institution before entering circulation.

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