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50 Soles de Oro

Issuer Banco Central de Reserva del Peru
Year 1968-1974
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Composition Paper
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Obverse lettering EL BANCO CENTRAL DE RESERVA DEL PERU 50 PAGARA AL PORTADOR 50 CINCUENTA SOLES DE ORO DE ACUERDO CON SU LEY ORGANICA LIMA, 20 de JUNIO de 1969 TUPAC AMARU II 50 50
(Translation: The Central Reserve Bank of Peru 50 Will pay to the bearer 50 Fifty Soles de Oro Accordingly to its organic law Lima, June 20th., 1969 Tupac Amaru II 50 50)
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Reverse lettering 50 BANCO CENTRAL DE RESERVA DEL PERU 50 EL HISTORICO PUEBLO DE TINTA 50 CINCUENTA SOLES DE ORO 50
(Translation: 50 Central Reserve Bank of Peru 50 The historic town of Tinta 50 Fifty Soles de Oro 50)
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Comments

The P#94 series spans a politically turbulent stretch — General Velasco Alvarado's military government, which seized power in October 1968, kept this De La Rue-printed issue in circulation throughout its agrarian reform program and sweeping nationalizations. The choice to continue contracting Thomas De La Rue rather than develop domestic printing capacity was a quiet contradiction for a government loudly asserting economic independence from foreign interests.

De La Rue's intaglio work on this series is competent but unremarkable by the firm's standards. Notes from the early dates in the run tend to show heavier circulation wear than later printings, reflecting the denomination's workhorse role in daily transactions before inflation eroded its purchasing power through the mid-1970s.

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