The Peruvian gold pound ( Spanish: ''libra peruana de oro''; abbreviation: Lp.), was a unit of currency issued in

Peru , image_flag = Flag of Peru.svg , image_coat = Escudo nacional del Perú.svg , other_symbol = Great Seal of the State , other_symbol_type = Seal (emblem), National seal , national_motto = "Fi ...

between 1898 and 1931. It was fixed in value to 10

soles Sole may refer to: * Sole (foot), the bottom of the foot * Sole (shoe), the bottom supporting member of the shoe Business * Sole proprietorship, a business which legally has no separate existence from its owner * Corporation sole, in English la ...

and was issued in the form of gold coins and banknotes, which circulated alongside coins denominated in centavos, dineros and soles. The gold pound was equal to the British sovereign.

History

The first pound coins were minted in 1898, to the same standard as the British sovereign (113 grains of pure gold). In 1901,

adopted a

gold standard A gold standard is a Backed currency, monetary system in which the standard economics, economic unit of account is based on a fixed quantity of gold. The gold standard was the basis for the international monetary system from the 1870s to the ...

based on the pound worth 10 soles. The gold standard was maintained until 1932 (see

Peruvian sol The sol (; plural: soles; currency sign: S/) is the currency of Peru; it is subdivided into 100 '' céntimos'' ("cents"). The ISO 4217 currency code is PEN. The sol replaced the Peruvian inti in 1991 and the name is a return to that of Peru's ...

for more details). Coins were issued until 1930, banknotes until 1933.

Coins

Three denominations were minted. The Lp. 1 was for issued circulation between 1898 and 1930, the Lp. between 1902 and 1913, and the Lp. between 1905 and 1930.

Banknotes

Between 1914 and 1918, Cheques Circulares were issued redeemable by six banks for Lp. , Lp. 1, Lp. 5 and Lp. 10. The Reserve Bank of Peru took over the production of paper money in 1922, introducing notes for the same denominations as the earlier cheques. In 1933, some of these notes, together with unissued notes dated 1926, were overstamped by the

Central Reserve Bank of Peru The Central Reserve Bank of Peru ( es, Banco Central de Reserva del Perú; BCRP) is the Peruvian central bank. It mints and issues metal and paper money, the sol. Its branch in Arequipa was established in 1871, and it served the city by issuing m ...

with their values in soles.

References

External links

{{Pound (currency)

Libra Libra generally refers to: * Libra (constellation), a constellation * Libra (astrology), an astrological sign based on the star constellation Libra may also refer to: Arts and entertainment * ''Libra'' (novel), a 1988 novel by Don DeLillo Musi ...

Economic history of Peru Pound (currency) 1898 establishments in Peru 1931 disestablishments Modern obsolete currencies

History

Coins

Banknotes

References

Further reading

External links