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Peruvian libra

From Wikipedia, the free encyclopedia
Former currency of Peru
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Peruvian gold pound
libra peruana de oro (Spanish)
Lp. 12 banknote (1922)
Unit
SymbolLp.[1]
Denominations
BanknotesLp. 12, Lp.1, Lp. 5, Lp. 10
CoinsLp. 15, Lp. 12, Lp. 1
Demographics
Date of introduction1898
Date of withdrawal1931
User(s) Peru
Issuance
Central bankReserve Bank of Peru (1922–1931)
Valuation
ValueLp. 1 =S/. 10
This infobox shows the latest status before this currency was rendered obsolete.

ThePeruvian gold pound (Spanish:libra peruana de oro;abbreviation:Lp.), was a unit of currency issued inPeru between 1898 and 1931. It was fixed in value to 10soles de plata 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 Britishsovereign.

History

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The first pound coins were minted in 1898, to the same standard as the British sovereign (113 grains of pure gold). In 1901,Peru adopted agold standard based on the pound worth 10 soles. The gold standard was maintained until 1932 (seePeruvian sol for more details). Coins were issued until 1930, banknotes until 1933.

Coins

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Three denominations were minted. The Lp. 1 was for issued circulation between 1898 and 1930, the Lp.12 between 1902 and 1913, and the Lp. 15 between 1905 and 1930.

Banknotes

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Between 1914 and 1918, Cheques Circulares were issued redeemable by six banks for Lp. 12, 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 theCentral Reserve Bank of Peru with their values in soles.

References

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  1. ^Memoria 1929(PDF) (in Spanish). Lima:Central Reserve Bank of Peru. 1929.

Further reading

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External links

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Historicalcurrencies ofPeruFlag of Peru
Superunit16 = Escudo until 186310 =Inca 1881–188210 =Pound 1898–1931
Main unitReal until 1863Sol de oro 1863–1985Inti 1985–1991Nuevo sol 1991–present
Subunit15 =Peseta 1880–1882
Currency units namedpound,lira, or similar
Circulating
Local alternative currency
Obsolete and historical
Historical antecedents (mass)
See also
Retrieved from "https://en.wikipedia.org/w/index.php?title=Peruvian_libra&oldid=1254641813"
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