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10 Soles de Oro

Issuer Banco Central de Reserva del Peru
Year 1958
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Value 10 Soles (10 PEH)
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Obverse lettering EL BANCO CENTRAL DE RESERVA DEL PERU PAGARA AL PORTADOR DIEZ SOLES DE ORO DE ACUERDO CON LA LEY No 10535 LIMA, 21 de Agosto de 1958
(Translation: The Central Reserve Bank of Peru will pay the bearer TEN SOLES DE ORO according to Law No. 10535, Lima, August 21, 1958)
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Reverse lettering BANCO CENTRAL DE RESERVA DEL PERU DIEZ SOLES DE ORO
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Waterlow & Sons had been printing Peruvian notes on and off since the 1930s, and by 1958 the relationship was winding down — the firm collapsed in 1961 after a protracted financial decline following the infamous Waterlow forgery scandal of the 1920s, in which a rogue employee facilitated the printing of fraudulent Portuguese banknotes. This note was issued near the end of that contract.

The P#82 series circulated during a period of moderate inflationary pressure in Peru, before the far more serious monetary deterioration of the 1970s and 1980s that would eventually render the Sol de Oro obsolete entirely by 1985.