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5 Soles de Oro

Issuer Banco Central de Reserva del Perú
Year 1962-1968
Type Standard circulation banknote
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Obverse lettering BANCO CENTRAL DE RESERVA DEL PERÚ PAGARÁ AL PORTADOR 5 5 CINCO SOLES DE ORO DE ACUERDO A LA LEY 13958 LIMA, 9 de Febrero de 1962
(Translation: Central Reserve Bank of Peru will pay to the bearer 5 5 Five Soles de Oro in accordance with Law No. 13,958 Lima, February 9th, 1962)
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Protection type Watermark
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Comments

Thomas De La Rue held the Peruvian printing contract for much of the mid-twentieth century, and this series reflects that arrangement — competent, reliable production from London for a denomination that saw heavy everyday use in Lima's markets and provincial commerce. The Sol de Oro had replaced the earlier sol at par in 1931 and remained nominally stable through the 1950s, but by the mid-1960s inflation was beginning to erode the purchasing power of low denominations, pushing the 5 Soles toward the bottom of practical utility.

Peru's 1968 military coup under Velasco Alvarado ended the issue run and eventually drove broader monetary reforms.

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