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40 Centavos Compañia de Obras Públicas y Fomento del Perú
| Issuer | Compañía de Obras Públicas y Fomento del Perú |
|---|---|
| Year | 1876 |
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| Shape | Rectangular |
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|---|---|
| Obverse lettering | La Compañia de Obras Publicas y Fomento del Perú 40 pagará al portador Cuarenta Centavos en moneda corriente. LIMA, Julio 4 de 1876. DIRECTOR PRESIDENTE Compañia Nacional de Billetes de Banco. Nuevo York. (Translation: The Public Works and Development Company of Peru will pay to the bearer Forty Cents in current currency. Lima, July 4, 1876. National Bank Note Company. New York.) |
| Reverse description | Log in to see details |
| Reverse lettering | CUARENTA COMPAÑIA DE OBRAS PUBLICAS Y FOMENTO DEL PERÚ 40 CENTAVOS (Translation: Public Works and Development Company of Peru Forty Cents) |
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| Comments |
The Compañía de Obras Públicas y Fomento del Perú was a French-backed infrastructure conglomerate granted sweeping concessions by the Peruvian government under the Dreyfus contract era, responsible for railways, public works, and canal construction. When the state could not meet its guano-backed debt obligations, companies like this one were authorized to issue fractional fiduciary notes — effectively filling a gap the national treasury could no longer cover in small denominations.
NBNC printed the series in New York. Within three years, the War of the Pacific had collapsed Peru's fiscal architecture entirely, and these notes became worthless.