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20 Nuevos Soles

Issuer Banco Central de Reserva del Perú
Year 1996-1997
Type Standard circulation banknote
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Obverse description Intaglio portrait of Raúl Porras Barrenechea at right, with a vignette of a colonial courtyard building at center-left set within a frame. The date appears at lower left, with three signature lines for Presidente, Director, and Gerente General beneath the central vignette. A guilloche underprint in light blue and red tones covers the field, with the numeral "20" in red at lower left and upper right corners, and the issuer's coat of arms in red at upper right.
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Reverse lettering BANCO CENTRAL DE RESERVA DEL PERÚ
VEINTE NUEVOS SOLES
PALACIO DE TORRE TAGLE
(Translation: Central Reserve Bank of Peru / Twenty Nuevos Soles / Palace of Torre Tagle)
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Comments

Peru's shift to the nuevo sol in 1991 was a direct consequence of hyperinflation so severe that the inti — the currency it replaced — had depreciated to the point where conversion was set at one million intis to one nuevo sol. The 20-sol denomination in this series was printed by Italy's state printing and mint authority, which held several Latin American banknote contracts through the 1990s alongside its primary domestic work.

Security provisions on this series were relatively modest by late-1990s standards — watermark and thread only, without the optical variable devices that the BCRP would incorporate into later redesigns.

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