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50 Soles de Oro
| Issuer | Banco Central de Reserva del Perú |
|---|---|
| Year | 1965 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | BANCO CENTRAL DE RESERVA DEL PERÚ PAGARÁ AL PORTADOR 50 50 CINCUENTA SOLES DE ORO DE ACUERDO A LA LEY 13958 LIMA, 20 de Agosto de 1965 (Translation: Central Reserve Bank of Peru will pay to the bearer 50 50 Fifty Soles de Oro in accordance with Law No. 13,958 Lima, 20/08/1965) |
| Reverse description | The Peruvian national coat of arms forms the central vignette, set against a fine guilloche underprint. The denomination numeral "50" is repeated in all four corners and flanks the arms on either side, while the issuer's name runs along the upper margin and the denomination in words appears below the central device. |
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| Comments |
The American Bank Note Company held the Peruvian contract through much of the mid-twentieth century, and this 1965 issue falls within a long unbroken run of ABNC-printed Soles de Oro notes for the Banco Central de Reserva. By the mid-1960s, Peru was managing steady inflationary pressure tied to balance-of-payments deficits and heavy public spending under Belaúnde Terry's first administration — the 50 Soles denomination was a practical workhorse note in that environment.
P#89 belongs to a series that would be superseded relatively quickly as inflation accelerated toward the end of the decade, pushing higher denominations into everyday use and relegating 50 Soles to marginal purchasing power by the early 1970s.