Pick 194 is part of Peru's redesigned cotton-paper family introduced progressively through the 2010s, before the Banco Central de Reserva committed fully to polymer substrate for the series — a transition that made certain cotton-paper issues in this denomination short-lived in active circulation.
The security specification here — watermark and thread only — sits at the lower end of what contemporary central banks were deploying by 2018, which raised occasional comment from currency security analysts at the time.
Pick 194 is part of Peru's redesigned cotton-paper family introduced progressively through the 2010s, before the Banco Central de Reserva committed fully to polymer substrate for the series — a transition that made certain cotton-paper issues in this denomination short-lived in active circulation.
The security specification here — watermark and thread only — sits at the lower end of what contemporary central banks were deploying by 2018, which raised occasional comment from currency security analysts at the time.