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20 Nuevos Soles

Issuer Banco Central de Reserva del Perú
Year 2000
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Printer BA International Inc. (British American Bank Note; British American Banknote Company Limited), Montreal, Ottawa, Canada (1866-2012)
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Protection type Watermark, Security thread
Protection description Watermark portrait of Raúl Porras Barrenechea visible when held to light; embedded security thread running vertically through the note.
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Comments

The P#173 series was issued as Peru transitioned out of the economic stabilization period that had defined the 1990s — the "nuevo sol" itself was introduced in 1991 specifically to replace the inti after hyperinflation had rendered that currency practically worthless. BA International, the Montreal-based successor to the venerable British American Bank Note Company, printed this series during what turned out to be the company's final decades of operation before its 2012 closure.

Security on this issue is relatively modest by the standards of its era — watermark and thread only, without the optical variable devices that were becoming common in regional issues at the time.