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5 Libras Peruanas de Oro Circular Check; Series C; Laws #1968 and 1982
| Issuer | Junta de Vigilancia / Bancos del Perú y Londres, Italiano, Internacional del Perú, Popular del Perú y Alemán Transatlántico |
|---|---|
| Year | 1914 |
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| Value | 5 Libras Peruanas de Oro (50 Soles) |
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| Obverse description | Black intaglio printing on multicolour underprint; central vignette of a young girl standing in a field holding a lamb, set within a framed panel. Issuing consortium names and authorising law references appear in the upper inscription band, with series designation at upper left and lower right; red serial numbers at upper left and right; face value expressed as a fraction at all four corners and along the frame sides, repeated in full letters below the vignette. Lower zone carries three signature lines with titles, issuing location and date at lower left, and printer imprint at bottom. |
|---|---|
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| Reverse lettering | CHEQUE CIRCULAR PERU 5 CINCO LIBRAS PERUANAS DE ORO AMERICAN BANK NOTE COMPANY. (Translation: Circular check, Perú Five Libras Peruanas de Oro) |
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| Comments |
The five-issuer consortium behind this note is the real story. When the First World War abruptly severed Peru's access to gold coin in mid-1914, five competing commercial banks — British, Italian, international, popular, and German-affiliated — were forced into collective action under a government-appointed supervisory board, the Junta de Vigilancia. The arrangement was explicitly temporary, authorized under emergency decrees tied to Laws 1968 and 1982, hence the "circular check" designation rather than a conventional banknote classification.
The ABNC plates had almost certainly been prepared in advance of the crisis, suggesting the Peruvian government anticipated some form of monetary disruption before the European situation fully collapsed in August 1914.