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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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| Printer | American Bank Note Company, New York, USA |
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|---|---|
| Obverse lettering | CHEQUE CIRCULAR TIMBRE FISCAL 2 CENTAVOS SERIE C EMITIDO POR LOS BANCOS DEL PERÚ Y LONDRES, ITALIANO, INTERNACIONAL DEL PERÚ, POPULAR DEL PERÚ Y ALEMÁN TRANSATLÁNTICO Y LA CAJA DE AHORROS DE LIMA, CON ARREGLO Á LAS LEYES Nº 1968 Y Nº 1982, POR CINCO LIBRAS PERUANAS DE ORO PAGADERA CONFORME A LAS MISMAS LEYES. LIMA, 3 de Octubre de 1914. POR LA JUNTA DE VIGILANCIA POR LOS BANCOS EMISORES POR LA JUNTA DE VIGILANCIA American Bank Note Company (Translation: Circular Check, issued by banks of Peru and London, Italian, International of Peru, Popular of Peru and German Transatlantic and the Lima Savings Bank As stated on Laws # 1968 and 1982. Fiscal stamp, 2 Cents. For Five Libras Peruanas de Oro. Lima, October 3rd., 1914, payable accordingly to same Law. By Vigilance Joint, by Issuing Banks, by Vigilance Joint.) |
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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.