History
The first libra coins were minted in 1898, to the same standard as the British sovereign (113 grains of pure gold). In 1901, Peru adopted a gold standard based on the libra worth 10 soles. The gold standard was maintained until 1932 (see Peruvian sol for more details). Coins were issued until 1930, banknotes until 1933.
Read more about this topic: Peruvian Libra
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“The greatest horrors in the history of mankind are not due to the ambition of the Napoleons or the vengeance of the Agamemnons, but to the doctrinaire philosophers. The theories of the sentimentalist Rousseau inspired the integrity of the passionless Robespierre. The cold-blooded calculations of Karl Marx led to the judicial and business-like operations of the Cheka.”
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