1 Sol 1/10 Libra, Gold Certificate

Peru's Junta de Vigilancia de Emisión de Cheques Circulares was a supervisory body established to manage the country's circulating check system — an arrangement that emerged because commercial banks, rather than a central bank, were supplying the country's paper currency. These cheques circulares were guaranteed by gold reserves held against them, hence the "gold certificate" designation, which was a meaningful contractual claim rather than decorative wording.

The American Bank Note Company handled the bulk of Peru's quality banknote production during this period, and the 1917 series was printed entirely in New York while Peru lacked a functioning central monetary authority. The Banco de Reserva del Perú was only established in 1922, five years after this note's issue.