Upon the independence of Peru, on February 10, 1825, Bolívar once again reconvenes the Constituent Congress Congress appoints Bolívar as "the country's Savior and Founding Father" and demands the erection of the equestrian statue in the congress plaza, where it stands today, as payment or "small token of recognition" for the Liberator, worth 1,000,000 pesos, which was more of less one-third of the Peruvian budget during that time.