50 Soles de Oro

The Banco Central de Reserva del Perú operated its own intaglio printing facility in Lima — one of the few central banks in Latin America to do so — and this note is a product of that in-house operation. Self-printing gave the bank tighter control over production schedules during the late 1970s, a period when Peru was navigating severe external debt pressures under the military government of General Francisco Morales Bermúdez.

A print run of just over twelve million places this among the more modest issues in the P#113 series, consistent with inflationary pressure already eroding the utility of the 50 Soles denomination by the late 1970s. Within a few years, hyperinflation had rendered the entire Soles de Oro system obsolete; the currency was replaced by the Inti in 1985 at a rate of 1,000 to one.