Catalog
50 Soles de Oro
| Issuer | Banco Central de Reserva del Perú |
|---|---|
| Year | 1949-1954 |
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| Reference(s) | P#72 |
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|---|---|
| Obverse lettering | EL BANCO CENTRAL DE RESERVA DEL PERÚ PAGARÁ AL PORTADOR CINCUENTA SOLES DE ORO DE ACUERDO CON LA LEY Nº 10535 LIMA, 16 DE SETIEMBRE DE 1954. Thomas De La Rue & Co. Ltd. (Translation: Central Reserve Bank of Peru Will pay to the bearer Fifty Soles de Oro Accordingly to law no. 10,535 Lima, September 16th., 1954.) |
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| Reverse lettering | BANCO CENTRAL DE RESERVA DEL PERU 50 CINCUENTA SOLES DE ORO (Translation: Central Reserve Bank of Peru Fifty Soles de Oro) |
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| Comments |
The Soles de Oro series of the late 1940s and early 1950s was issued against a backdrop of relative Peruvian monetary stability — unusual for the period in South America. Peru had pegged the sol tightly to the US dollar throughout much of the 1940s, and the BCRP's conservative reserve policy meant these notes entered circulation in manageable volumes rather than as inflation fodder.
De La Rue's involvement here is unsurprising; they had maintained a near-continuous relationship with Lima since the 19th century. Notes from this specific series are frequently found with significant handling wear, suggesting genuine heavy circulation rather than administrative hoarding.