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500 Soles de Oro

Issuer Banco Central de Reserva del Peru
Year 1956-1961
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Printer Thomas De La Rue & Company, London, United Kingdom
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Reverse description The Peruvian national coat of arms is centrally placed within a circular guilloche frame, flanked by the issuer's name along the upper border. The face value is repeated in numerals at all four corners and along the lateral edges of the design, and expressed again in numerals in the panel below the central vignette.
Reverse lettering BANCO CENTRAL DE RESERVA DEL PERÚ QUINIENTOS SOLES DE ORO
(Translation: Central Reserve Bank of Peru Five hundred Soles de Oro)
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Comments

Thomas De La Rue held the Peruvian banknote contract through much of the mid-twentieth century, and this series reflects that relationship clearly — high-quality intaglio work from a printer whose Peruvian output of the period is generally well-regarded technically. The 500 Soles de Oro was the highest denomination in circulation for most of this issue window, a period when Peru's export economy was generating enough foreign exchange to keep the sol reasonably stable.

Inflation pressures mounted steadily through the late 1950s, and the denomination's purchasing power eroded considerably before the series was retired. Notes that actually circulated at the 500-sol level show heavy wear as a result.