Catalog
50 000 Soles de Oro
| Issuer | Banco Central de Reserva del Peru |
|---|---|
| Year | 1981-1985 |
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| Printer | American Banknote Corporation (American Bank Note Company), Ottawa, New York, United States (1795-date)De La Rue (Thomas de la Rue; Thomas De La Rue & Co.; TDLR), London , United Kingdom (1821-date) |
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| Reverse description | The central vignette presents an oil drilling scene in intaglio, with workers in hard hats operating equipment on a drilling platform in the foreground and a tall derrick rising against a jungle backdrop at centre; a helicopter is visible in the upper mid-field. Denomination numerals "50000" appear in dark green at upper left and in a guilloche cartouche at lower right, with the issuer name in red across the top. |
| Reverse lettering | BANCO CENTRAL DE RESERVA DEL PERÚ CINCUENTA MIL SOLES DE ORO AMERICAN BANK NOTE COMPANY (Translation: Central Reserve Bank of Peru / Fifty Thousand Soles de Oro) |
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| Comments |
Peru's inflationary spiral through the early 1980s made the 50,000 Soles de Oro a high-denomination note almost as soon as it was issued — within a few years it could barely purchase a meal. The series was eventually swept aside when the Inti replaced the Sol de Oro in February 1985 at a rate of 1,000 to one, instantly rendering the entire denomination trivial in face value terms.
Two distinct printers handled this type: American Bank Note Company and De La Rue, producing variants that can differ in subtle plate and paper characteristics. The dual-source printing arrangement was a practical hedge against supply bottlenecks as demand for high-denomination notes accelerated faster than any single printer could manage.