50 Soles

Peru's current banknote series, to which this note belongs, was introduced beginning in 2011 and represented a deliberate shift in production policy — the Banco Central de Reserva had long relied on European printers but consolidated much of its work with Perum Peruri, the Indonesian state security printer based in Karawang. That arrangement reflects a broader trend among Latin American central banks sourcing security printing from Southeast Asian state enterprises, partly on cost grounds and partly because Perum Peruri's substrate and intaglio capabilities now rival older European suppliers.

The P#198 designation places this within a relatively stable and straightforward modern series, without the overprint complications or emergency issue circumstances that make earlier Peruvian paper more technically interesting.