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1 Sol 1/10 Libra Peruana de Oro
| Issuer | Bancos del Perú y Londres, Italiano, Internacional del Perú y Popular del Perú |
|---|---|
| Year | 1918 |
| Type | Standard circulation banknote |
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| Obverse description | Central vignette of a seated Liberty allegory, a shield beneath her, a column with wreath to the right, and a pole topped with a Phrygian cap held in her left hand. Denomination in numerals flanks the vignette on both sides, with the value in full text rendered in a letterpress panel below. Issuing bank legends and statutory references arc across the upper portion of the note. |
|---|---|
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| Reverse description | The Peruvian coat of arms occupies the central vignette, surrounded by guilloche ornamentation. Denomination in numerals appears on both lateral borders, with the value in letters repeated in panels to each side of the arms. Statutory payment text is rendered in a letterpress band above and below the central device. |
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| Comments |
By 1918, Peru's banking system had fractured into competing private institutions unwilling to accept each other's notes at par. This piece is the product of a forced compromise: four rival banks — Banco del Perú y Londres, Italiano, Internacional del Perú, and Popular del Perú — were compelled by the government to issue a joint emergency fractional note to address a severe shortage of small-denomination currency that had been worsening since the outbreak of the First World War disrupted coin supplies.
The ABNC plate was shared across the consortium, with all four issuing banks named on the face — an arrangement without close parallel in Peruvian monetary history. The fractional designation itself, equating 1 Sol to 1/10 of a Libra Peruana de Oro, reflects the gold-linked accounting still nominally in force despite the practical suspension of specie payments.