Peruvian nuevo sol
Worldwide use:
- Peru
Description:
The Nuevo Sol, is the currency of Peru. All coins show the coat of arms of Peru and come in denominations of 10, 20 and 50 Céntimos and 1, 2 and 5 Nuevos Soles. All banknotes are of the same size and come in denominations of 10, 20, 50 and 100 Nuevos Soles and rarely used 200 Nuevos Soles.
Since its introduction, and at the time of writing, the Nuevo Sol has retained the lowest inflation rate within Latin and South American countries.
Origin:
The Nuevo Sol (meaning new sun) was introduced in 1991 as a result of the hyperinflation of the late 1980's. It replaced the "Inti" at the rate of 1 Sol to 1,000,000 Inits. New coinage was introduced in November 1991, with the introduction of the new banknotes, shortly after in November 1991.
Component units:
- Centimos (100)
Date introduced:
- 1991
Central bank:
- Central Reserve Bank of Peru
Printer:
Mint:
- National Mint (Casa Nacional de Moneda)
