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The article reflects on the monetary and economic history during the independence of Peru taking place between 1820 and 1823. The imperial money system, the Auxiliary Bank of Paper Money in Peru and Peruvian president José de San Martín's influence on these systems are discussed by the author. The traditional Spanish monetary system, its policies and its influences on Peru's monetary system are addressed. The paradox of the money shortages in Peru during José de San Martin's protectorate are described by the author as machines without money.

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