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500 Soles de Oro

Issuer Banco Central de Reserva del Perú
Year 1982
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Value 500 Soles de Oro
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Obverse lettering QUINIENTOS SOLES DE ORO
BANCO CENTRAL DE RESERVA DEL PERÚ
DIRECTOR
PRESIDENTE
GERENCIA GENERAL
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Reverse lettering BANCO CENTRAL DE RESERVA DEL PERU
QUINIENTOS SOLES DE ORO
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Comments

The 500 Soles de Oro denomination was already losing ground to inflation by 1982 — Peru's annual rate was climbing toward triple digits that year and would accelerate catastrophically through the mid-decade. Notes of this value, substantial on paper, were depreciating faster than the Banco Central could issue them. The Soles de Oro series was retired entirely in 1985 when the Inti replaced it at a conversion rate of 1,000 to 1, rendering the entire denomination effectively a rounding error.

Bundesdruckerei's involvement reflects a long-running Peruvian practice of contracting European security printers during periods of domestic instability.