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10 Libras Peruanas de Oro
| Issuer | Banco de Reserva del Peru |
|---|---|
| Year | 1922-1926 |
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| Reference(s) | P#51 |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | LIMA, 12 DE ABRIL DE 1922. BANCO DE RESERVA DEL PERU PAGARÁ AL PORTADOR 10 DIEZ LIBRAS PERUANAS DE ORO DE ACUERDO CON LAS DISPOSICIONES DE LA LEY Nº 4500. (Translation: Lima, April 12th., 1922. Reserve Bank of Peru Will pay the bearer Ten Libras Peruanas de Oro in accordance with the provisions of Law# 4500.) |
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| Protection description | No watermark. |
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| Comments |
The Banco de Reserva del Perú was established in 1922 — the same year this series began — created specifically to centralize currency issuance and strip the commercial banks of their long-held note-issuing privileges. Those banks resisted. The transition was politically contentious enough that early Reserva notes circulated alongside the legacy commercial issues for a period, creating genuine public confusion about which paper held full backing.
The denomination in libras peruanas de oro rather than soles reflects a monetary unit pegged nominally to the British gold sovereign — a convention Peru maintained well past its practical relevance, finally abandoning it in 1931 during the global financial collapse.