10 Soles de Oro

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.