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500 Soles de Oro

Issuer Banco Central de Reserva del Perú
Year 1982
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Currency Sol de Oro (1931-1985)
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Obverse description The obverse is printed on a multicolour guilloche underprint in shades of orange, gold, and blue, with the Peruvian coat of arms at centre and the large intaglio numeral '500' to the left. A portrait vignette of a male figure in a suit occupies the right side, beneath the denomination legend 'QUINIENTOS SOLES DE ORO' running across the upper portion. The issuer's name 'BANCO CENTRAL DE RESERVA DEL PERÚ' is inscribed along the lower border, with two signature lines and their respective titles below the central vignette.
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Protection description A human portrait watermark visible in the unprinted area of the paper.
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Comments

The 500 Soles de Oro denomination was already losing ground to inflation by 1982 — Peru's annual rate was climbing toward triple digits that year and would accelerate catastrophically through the mid-decade. Notes of this value, substantial on paper, were depreciating faster than the Banco Central could issue them. The Soles de Oro series was retired entirely in 1985 when the Inti replaced it at a conversion rate of 1,000 to 1, rendering the entire denomination effectively a rounding error.

Bundesdruckerei's involvement reflects a long-running Peruvian practice of contracting European security printers during periods of domestic instability.

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