100 Soles

The Banco Nacional del Perú was a private commercial bank, not a government institution — its notes circulated on the strength of its own reserves during a period when Peru was attempting to stabilize a chaotic monetary system heavily distorted by guano revenues and state debt. The bank's relationship with ABNC began in the mid-1870s, and this high-denomination note reflects the ambition, and fragility, of that project. Within a few years, the War of the Pacific had collapsed both the Peruvian economy and most of the private banking sector that had produced notes like this one.