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20 Nuevos Soles

Issuer Banco Central de Reserva del Perú
Year 1991-1992
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Printer De La Rue (Thomas de la Rue; Thomas De La Rue & Co.; TDLR), London, United Kingdom (1821-date); Istituto Poligrafico e Zecca dello Stato, Rome, Italy (1928-date)
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Obverse description Intaglio portrait of Raúl Porras Barrenechea at right, with the Peruvian coat of arms in red at upper right. A central vignette presents an arched view of a colonial courtyard with palm trees, flanked by three facsimile signatures (Presidente, Director, and Gerente General) below. The denomination numeral '20' appears in red at lower left, with the date '25 DE JUNIO DE 1992' inscribed below the central vignette.
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Reverse description Central intaglio vignette of the façade of the Palacio de Torre Tagle in Lima, rendered in fine architectural detail with its characteristic baroque balconies and ornate portal. A red panel occupies the left margin with the numeral '20', while wavy guilloche patterns in light blue and gold run across the upper and lower registers. The denomination inscription appears in bold red letterpress at the bottom center, with the caption 'PALACIO DE TORRE TAGLE' below the vignette.
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Comments

P#152 belongs to the transitional period following Peru's 1990 monetary reform, when the gobierno de Alberto Fujimori replaced the devastated Inti — a currency that had lost virtually all its value through hyperinflation exceeding 7,000% annually — with the Nuevo Sol at a conversion rate of one million to one. The dual-printer arrangement, split between De La Rue in London and the Istituto Poligrafico e Zecca dello Stato in Rome, was a practical response to the volume demands of restocking an entire national currency from scratch in a compressed timeframe.

The series ran only two years before design revisions followed.

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