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50 Nuevos Soles

Issuer Banco Central de Reserva del Perú
Year 1998
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Value 50 Nuevos Soles
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Reverse description A detailed intaglio vignette occupies the center, rendering a panoramic aerial view of the Laguna de Huacachina oasis surrounded by palm trees and desert dunes, with the inscription 'LAGUNA DE HUACACHINA' at lower left of the vignette. A guilloché rosette appears at right, and fine lathe-work patterns border the composition. The denomination '50' is printed in large numerals at upper left and lower right.
Reverse lettering BANCO CENTRAL DE RESERVA DEL PERÚ
CINCUENTA NUEVOS SOLES
LAGUNA DE HUACACHINA
50
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Comments

Peru's transition from the inti to the nuevo sol in 1991 was one of the more dramatic monetary resets in Latin American history — the inti had lost so much value that one nuevo sol was set equal to one million intis. This 1998 issue belongs to the stabilization period that followed, when the BCRP was printing domestically after years of relying on foreign security printers.

The in-house printing operation is worth noting. Few central banks in the region ran their own security presses at this scale, and the BCRP's facility represented a significant institutional investment in monetary self-sufficiency during the post-hyperinflation recovery.