40 Centavos Banco Anglo-Peruano

The Banco Anglo-Peruano was a British-backed commercial bank operating in Lima, and this 40 centavos fractional note reflects the severe small-change shortage that plagued Peru's coastal commercial economy in the early 1870s. Fractional paper from private banks was not the preferred solution — it was the available one. The National Bank Note Company had by this period built a reliable trade supplying engraved security printing to Latin American issuers who lacked domestic facilities.

The 40 centavos denomination is an oddity even within Peruvian fractional issues of the period.