Peruvian sol

Currencies in use before the current Peruvian sol include:

• The Spanish colonial real from the 16th to 19th centuries, with 8 reales equal to 1 peso.
• The Peruvian real from 1822 to 1863. Initially worth {{frac|8}} peso, reales worth {{frac|10}} peso were introduced in 1858 in their transition to a decimal currency system.
• The sol or sol de oro from 1863 to 1985, at 1 sol = 10 reales.
• The inti from 1985 to 1991, at 1 inti = 1,000 soles de oro.

Due to the bad state of economy and hyperinflation in the late 1980s, the government was forced to abandon the inti and introduce the sol as the country's new currency.San José State University Department of Economics, The economic history and the economy of Peru. Retrieved on July 11, 2007. The new currency was put into use on July 1, 1991, by Law No. 25,295, to replace the inti at a rate of 1 sol to 1,000,000 intis, or one inti millón.{{in lang|es}} Law No. 25.295, Unidad Monetaria Nuevo Sol, January 3, 1991 Coins denominated in the new unit were introduced on October 1, 1991, and the first banknotes on November 13, 1991. Since that time,{{when|date=August 2016}} the sol has retained an inflation rate of 1.5%, the lowest ever in either South America or Latin America as a whole.{{in lang|es}} Banco Central de Reserva del Perú, [http://www.bcrp.gob.pe/bcr/dmdocuments/PolMon/Archivos/RI_2007_02.pdf Inflation Report, May 2007, Central Reserve Bank of Peru] {{webarchive|url=https://web.archive.org/web/20070609164809/http://www.bcrp.gob.pe/bcr/dmdocuments/PolMon/Archivos/RI_2007_02.pdf |date=2007-06-09 }}. Retrieved on July 11, 2007{{Failed verification|date=February 2017}} Since the new currency was put into effect, it has managed to maintain an exchange rate{{cite news|title=Peru's nuevo sol is the most stable currency in region|url=http://www.peruthisweek.com/news-perus-nuevo-sol-is-the-most-stable-currency-in-region-12409|access-date=January 28, 2014|newspaper=Peru This Week|date=July 2, 2012|archive-url=https://web.archive.org/web/20161202073025/http://www.peruthisweek.com/news-perus-nuevo-sol-is-the-most-stable-currency-in-region-12409|archive-date=December 2, 2016|url-status=dead}} between S/2.2 and S/4.13 per US dollar.

Coins were introduced in 1991 in denominations of 1, 5, 10, 20, and 50 céntimos and S/1. Coins for S/2 and S/5 were added in 1994. The one- and five-céntimo coins fell out of use and the one-céntimo was removed from circulation on May 1, 2011 followed by the five-céntimos on January 1, 2019.{{cite web|title=MONEDAS DE 5 CÉNTIMOS DEJARÁN DE CIRCULAR DESDE EL 1 DE ENERO DE 2019|url=https://www.bcrp.gob.pe/docs/Transparencia/Notas-Informativas/2018/nota-informativa-2018-10-31.pdf|access-date=October 31, 2018|website=Central Reserve Bank of Peru|language=es|date=October 31, 2018}} (For cash transactions retailers must round down to the nearest ten céntimos or up to the nearest five. Electronic transactions continue to be processed at the exact amount.)

All coins show the coat of arms of Peru surrounded by the text Banco Central de Reserva del Perú ("Central Reserve Bank of Peru") on the obverse; the reverse of each coin shows its denomination. Included in the designs of the bimetallic S/2 and S/5 coins are the hummingbird and condor figures from the Nazca Lines.{{in lang|es}} Banco Central de Reserva del Perú, [http://www.bcrp.gob.pe/bcr/Billetes-y-Monedas/Cono-Monetario-2.html Cono Monetario]. Retrieved on July 14, 2007.

Banknotes for S/10, S/20, S/50, and S/100 were introduced in 1990. The banknote for S/200 was introduced in August 1995.{{in lang|es}} Circular letter N°028-97-EF/90, August 26, 1997, Central Reserve Bank of Peru All notes are of the same size (140 x 65 mm) and contain the portrait of a well-known historic Peruvian on the obverse.{{in lang|es}} Banco Central de Reserva del Perú, [http://www.bcrp.gob.pe/bcr/Billetes-y-Monedas/Familia-de-Billetes.html Familia de Billetes]. Retrieved on July 14, 2007.

A new series of banknotes was issued starting in 2021, beginning with the S/10 and S/100 notes in July 2021{{Cite web|url=http://multimedia.bcrp.gob.pe/docs/billetes/billete-10.html|title = Nuevo billete de S/ 10|website=Multimedia.bcrp.gob.pe|access-date=27 July 2022}}{{Cite web|url=http://multimedia.bcrp.gob.pe/docs/billetes/billete-100.html|title=Nuevo billete de S/ 100|website=Multimedia.bcrp.gob.pe|access-date=27 July 2022}} and followed by the S/20 and S/50 notes in July 2022.{{Cite web|url=https://www.bcrp.gob.pe/docs/Transparencia/Notas-Informativas/2022/nota-informativa-2022-07-20.pdf|format=PDF|title=ShieldSquare Captcha|website=Bbcrp.gob.pe|access-date=27 July 2022}} A S/200 note was released in December 2023.{{Cite web |last=RedacciónRPP |date=2023-12-15 |title=BCR pone en circulación billete de S/200 con nuevo diseño {{!}} RPP Noticias |url=https://rpp.pe/economia/economia/bcr-pone-en-circulacion-billete-de-s-200-con-nuevo-diseno-noticia-1522403 |access-date=2023-12-15 |website=rpp.pe |language=es}}

{{Exchange rate|PEN|BRL|EUR|JPY|USD}}

• Numismatic series Wealth and Pride of Peru
• Numismatic series Natural Resources of Peru
• Economy of Peru
• Peruvian inti

{{reflist}}

{{refbegin}}

• {{Numis cite SCWC|date=2000.34|pages=1463–1465}}
• {{Numis cite SCWPM|date=2005|pages=659–661}}

{{refend}}

• [https://www.bcrp.gob.pe/en/banknotes-and-coins.html Banknotes and Coins from the Central Bank of Peru]
• [http://www.bis-ans-ende-der-welt.net/Peru-B-En.htm Historical banknotes of Peru] {{in lang|en|de}}
• [https://curassowlodge.com/ver_blog/travel_peru_best_currency_to_take_to_peru Currency in Peru] {{in lang|en|es}}

{{Historical currencies of Peru}}

{{Currencies of the Americas}}

{{Shilling}}

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Category:Economic history of Peru

Sol

Category:Currencies introduced in 1991

Category:Currency symbols

Category:Circulating currencies