Peruvian nuevo sol

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"Sol (currency)" redirects here. For the 13th–18th century French coin, see Solidus (coin).

Image:100soles.jpg Image:Peruvian nuevo sol coins.jpg Image:Peruvian nuevo sol coins reverse.jpgThe nuevo sol (plural: nuevos soles) (S/.) is the monetary unit (currency) of Peru. It is subdivided into 100 céntimos.

The nuevo sol was introduced on 1 July 1991 to replace the highly inflated inti at a rate of 1 nuevo sol = 1,000,000 intis. The nuevo sol currently retains a low inflation fate of 1.6%. ^{[citation needed]} Coins denominated in the new unit were introduced on 1 Ocotber 1991 and the first banknotes on 13 November 1991.

The ISO 4217 currency code is PEN (the inti was PEI).

The name is a return to that of Peru's historic currency, the sol in use from the 19th century to 1985. However, it is also considered appropriate as it could be derived from historical use and divination of the sun (sol in Spanish) as a symbol of power and as a way of connecting the new currency to the old inti, which was named after Inti, the Sun God of the Incas.

Coins in circulation: 1, 5, 10, 20, and 50 céntimos; 1, 2, and 5 nuevos soles.

Notes in circulation: 10, 20, 50, 100, and 200 nuevos soles.

Current PEN exchange rates

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[edit] External links

(Spanish) (English) Central Reserve Bank of Peru

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