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50 Soles de Oro
| Issuer | Banco Central de Reserva del Peru |
|---|---|
| Year | 1977 |
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| Value | Log in to see details |
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| Composition | Log in to see details |
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| Reference(s) | P#113 |
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|---|---|
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| Reverse description | A panoramic vignette of the historic town of Tinta occupies the central field, rendered in a landscape composition. The issuer name runs along the top margin, while the face value in full lettering appears along the lower margin. Denomination numerals are repeated in all four corners. |
| Reverse lettering | BANCO CENTRAL DE RESERVA DEL PERU EL HISTORICO PUEBLO DE TINTA CINCUENTA SOLES DE ORO (Translation: Central Reserve Bank of Peru The historic town of Tinta Fifty Soles de Oro) |
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| Comments |
The Banco Central de Reserva del Perú operated its own intaglio printing facility in Lima — one of the few central banks in Latin America to do so — and this note is a product of that in-house operation. Self-printing gave the bank tighter control over production schedules during the late 1970s, a period when Peru was navigating severe external debt pressures under the military government of General Francisco Morales Bermúdez.
A print run of just over twelve million places this among the more modest issues in the P#113 series, consistent with inflationary pressure already eroding the utility of the 50 Soles denomination by the late 1970s. Within a few years, hyperinflation had rendered the entire Soles de Oro system obsolete; the currency was replaced by the Inti in 1985 at a rate of 1,000 to one.