100 Soles

The Banco de Londres, México y Sud América was a British overseas banking venture incorporated in London and operating across South America and Mexico — one of several foreign commercial banks that filled the credit vacuum in Peru before a domestic central bank existed. The 1870s were the height of Peru's guano-driven boom, and private foreign banks handled much of the country's commercial paper. This note dates to that window, just before the War of the Pacific and the fiscal collapse that followed would effectively end the bank's Peruvian operations.

ABNC engraved the plates in New York, as they did for dozens of Latin American commercial banks in this period. The S297 designation places it firmly in the private bank issues catalogued separately from Peruvian state emissions.