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50 Intis 1987, Peru

in Krause book Number: 131b
Years of issue: 26.06.1987
Edition: 50 000 000
Signatures: Director: Sr. Enrique Cornejo Ramírez, Presidente: Sr. Carlos Capuñay Mimbela, Gerente General: Sr. César Ferrari Quiñe
Serie: No Serie
Specimen of: 1986
Material: Cotton fiber
Size (mm): 150 х 75
Printer: Casa da Moeda do Brasil, Rio de Janeiro

* All pictures marked magnify are increased partially by magnifying glass, the remaining open in full size by clicking on the image.

** The word "Specimen" is present only on some of electronic pictures, in accordance with banknote images publication rules of appropriate banks.

50 Intis 1987

Description

Watermark:

watermark

José Nicolás Baltasar Fernández de Piérola.

Avers:

50 Intis 1987

Nicolas Fernandez de Pierola VillenaThe engraving on banknote is made after this portrait of Jose Pierola.

José Nicolás Baltasar Fernández de Piérola y Villena (known as "El Califa" ("The Caliph"), January 5, 1839 - June 23, 1913) was a Peruvian politician, the Finance Minister and twice President of the Republic of Peru, from 1879 to 1881 and 1895 to 1899.

From 1868 to 1871, he became Finance Minister under President José Balta. He requested, from the Parliament, broad powers in order to negotiate with several companies and to get the best possible deal. The result of his negotiations, the so-called "Hires Dreyfus" treaty was signed with a French company, the "Dreyfus Brothers".

The treaty granted the Dreyfus house of Paris the monopoly of the Peruvian guano exports. Though successful at first, he was later accused and impeached under Pardo's administration of misappropriating funds, but was honorably acquitted of dishonest practice after he managed to obtain the support of Congress.

For the Peruvian Elections of 1895, Piérola's platform included several members of the Civilista Party, and thus he was not challenged by any other candidate. He was elected President after receiving 4150 votes out of 4310 valid votes.

It is generally accepted that his Presidency inaugurated the "Aristocratic Republic", a period in which the economic and political "elite" was the sole and undisputed ruling class of the country. This period was marked with the reconstruction of a devastated Peru by initiating fiscal, military, religious, and civil reforms.

One of his most successful reforms was the issuing of the "Libra Peruana", gold currency of the same value as the British Sovereign, which gave Peru unprecedented monetary stability. The country started a slow but steady economic reform that effectively minimized the recession, while at the same time allowed an effective modernization of the State. He also sponsored the immigration of Japanese citizens to Peru.

Thus, his second term was successfully completed in 1899 and, in the same year, Eduardo López de Romaña, a prominent member of the Civilista Party, was elected President.

In 1900, Pierola intended to return to politics, this time running for the Mayorship of Lima. This was widely seen as a terrible political mistake, since he was defeated by an independent coalition led by Agustín Elguera. He ran again for the presidency in 1904, but withdrew before the election took place. His influence in politics faded away and he made another political mistake by supporting his brothers Carlos, Isaías and Amadeo in their attempt to overthrown President Augusto B. Leguía. His political influence continued to decline during his final years. He died in Lima in 1913. In the 1990 presidential election, his great-nephew Nicolás de Piérola Balta (also a great-grandson of President José Balta) was a candidate.

Centered is the coat of arms of Peru.

coat

The coat of arms of Peru is the national symbolic emblem of Peru.

All four share the same escutcheon or shield, consisting of three elements: the top left section shows the vicuña, the national animal, on a light-blue field, representing the fauna of Peru; the tree in the top right section is the cinchona tree (the source of quinine, a powerful anti-malarial drug and the key flavorant in tonic water), on a white background, representing the national flora; and the bottom cornucopia with coins spilling from it, on a red field, represents the mineral resources of the country.

The Coat of arms (Escudo de Armas) has a palm branch on its left and an laurel one on its right, tied by a red and white ribbon, as well as a Holm oak Civic Crown above it. These represent God, gold, and glory. This variant is used on the national ensign (Enseña Nacional) or state flag. Its use on its own is infrequent, except on currency, both on coins and bills, and stamps.

vesselCentered is, presumably, traditional pottery vase from Cuzco.

Cusco is a city in southeastern Peru, near the Urubamba Valley of the Andes mountain range. It is the capital of the Cusco Region as well as the Cusco Province. Located on the eastern end of the Knot of Cuzco, its elevation is around 3,400 m. (11,200 ft.).

The site was the historic capital of the Inca Empire from the XIII into the XVI century until the Spanish conquest. In 1983 Cusco was declared a World Heritage Site by UNESCO. It has become a major tourist destination, receiving nearly 2 million visitors a year. The Constitution of Peru designates it as the Historical Capital of Peru.

Denomination in numerals are in lower left and right corners. Centered in words.

Revers:

50 Intis 1987

Oil drilling scene.

Centered is, again, the pottery vase from Cuzco.

Denominations in numerals are in top left and lower right corners. In lower left corner in words.

Comments:

Protective element are fibers, fluorescent green and orange.

The inti was introduced on 1 February 1985, replacing the sol which had suffered from high inflation. One inti was equivalent to 1,000 soles. Coins denominated in the new unit were put into circulation from May 1985 and banknotes followed in June of that year.