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10 Soles de Oro

Issuer Banco Central de Reserva del Peru
Year 1958
Type Standard circulation banknote
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Obverse description Red intaglio print on paper. Central vignette of a seated allegorical Liberty figure in classical robes, holding a staff topped with a Phrygian cap in her right hand and resting her left on a shield bearing the Peruvian sun emblem, with a column inscribed LIBERTAD at her side. The denomination numeral 10 appears in large guilloche-framed panels at left and right, with the bank title across the top, date and place of issue at lower right, and three facsimile signature lines with printed titles DIRECTOR, PRESIDENTE, and GERENTE GENERAL along the bottom.
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Protection type Watermark
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Comments

Waterlow & Sons had been printing Peruvian notes on and off since the 1930s, and by 1958 the relationship was winding down — the firm collapsed in 1961 after a protracted financial decline following the infamous Waterlow forgery scandal of the 1920s, in which a rogue employee facilitated the printing of fraudulent Portuguese banknotes. This note was issued near the end of that contract.

The P#82 series circulated during a period of moderate inflationary pressure in Peru, before the far more serious monetary deterioration of the 1970s and 1980s that would eventually render the Sol de Oro obsolete entirely by 1985.

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