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The Banco de Londres, México y Sud América was a British-owned commercial bank that operated branches across South America in the nineteenth century, functioning primarily as a trade finance institution rather than a central issuer. Its Peruvian branch obtained note-issuing privileges during a brief window of private banking activity in Peru before the government moved to consolidate currency control. The ABNC printed this series in New York to a high standard, as was typical of their South American commissions of that decade.

Peru's fiscal situation deteriorated sharply after 1873 with falling guano revenues and mounting debt, and within a few years private bank notes were effectively displaced by government-issued obligations. Surviving examples from this bank tend to show light circulation, suggesting many were retired early.