5 Libras Peruanas de Oro

The Banco de Reserva del Peru was established in 1922 — the same year this series was introduced — making these among the earliest notes issued under Peru's first central bank. The institution replaced a chaotic system of commercial bank circulation that had destabilized Peruvian monetary policy for decades, and the libra peruana de oro was pegged to the British pound sterling at par, a deliberate signal of fiscal credibility aimed at foreign creditors.

ABNC produced the plates in New York; the watermark paper was sourced separately, as was standard for the company's Latin American contracts of the period. The series was superseded when Peru abandoned the libra entirely in 1931 and adopted the sol de oro.