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General Information about Peruvian Money
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General Info about Peruvian Money
Due to high inflation the currency of Republican Peru, the Sol, was abandoned in 1985 and the Inti introduced. Caused by the bad economic state of Peru and terrorism in the late 1980s the Inti soon lost its value as well, hyperinflation struck the country and the Peruvian government was forced to introduce a new currency in 1991: the Nuevo Sol.
Since 1991 the Nuevo Sol is Peru´s currency. However, almost everywhere in Lima the US Dollar is accepted. The International code for the Peruvian currency Nuevo Sol (S/.) is PEN. The Nuevo Sol is subdivided into 100 Centimos. There are banknotes for S/. 10, S/. 20, S/. 50, S/. 100 and S/. 200. Coins have been issued for 1 Centimo, 5 Centimos, 10 Centimos, 20 Centimos, 50 Centimos, S/. 1, S/. 2 and S/. 5. Nowadays the Nuevo Sol is a quite stable currency with a moderate inflation (not to mention a few hiccups due to the worldwide turbulences in 2008) and has a more or less steady exchange rate with the US Dollar. Exchange Rates Peruvian Nuevo Sol, US$ and Euro
(Exchange rate last updated: 03-07-2010)
Banknotes & Personalities - Description of the Peruvian Banknotes
Do you know the background and history of the pictures on the banknotes for your country? In Peru you won’t find any pictures of former presidents on them, but rather some of the famous personalities which are all part of our extensive history. This is why such a banknote doesn't only stand for the pure nominal value, but also passes on culture. In this chapter we would like to introduce our money and give you a short explanation of the illustrations.
10 Nuevo Soles Banknote
The front of the 10 Nuevo Soles bill shows the portrait of José Abelardo Quiñones Gonzáles, a hero of our air force, born in Pimentel 1914. Next to the portrait is the flight school ’Aviación de Las Palmas’ with a replica of the airplane type North American NA-50 ‘Torito’ in which our hero lost his life.
The rear of the 10 Nuevo Soles bill shows once again José Abelardo Quiñones Gonzáles photographed on the day of his graduation performing an extreme acrobatic presentation (machine flying upside down) with an airplane of the type ‘Caproni 113’. The occasion was the end of the academic year 1938 in the headquarters of the flight school ‘Central de Aeronáutica - Jorge Chávez’. It must be mentioned, that this presentation was done only apx. two meters above the ground. 20 Nuevo Soles Banknote
On the front of the 20 Nuevo Soles banknote is the picture of Mr. Raúl Porras Barrenechea, professor, journalists and diplomat. He was born 1897 in Pisco.
Next to his picture appears the main inner courtyard of the 'National University Mayor de San Marcos' where he taught as a professor.
The illustration on the back side of the 20 Nuevo Soles is the facade of the Palace ‘Torre Tagle’. The palace is currently home to the Peruvian Ministry of Foreign Affairs. Mr. Rául Porras Barrenechea was the Foreign Secretary between 1958-1960. The building shown is a Spanish Baroque palace located at Jr. Ucayali 363, in the city center of Lima a couple of blocks east of the Plaza Mayor (former Plaza de Armas). 50 Nuevo Soles Banknote
On the front of the 50 Nuevo Soles you see Mr. Abraham Valdelomar Pinto, a famous known writer and historian, born 1888 in Ica. To the left of his portrait appears the corner of the 'Palais Concert'. At that time a center for regular meetings of the intellectuals in Lima; located on a corner of the Jirón de la Unión.
The back of the 50 Nuevo Soles bill shows an image of the lagoon of Huacachina which lies in the district of Ica. Legend holds that the lagoon was created when a beautiful native princess was apprehended at her bath by a young hunter. She fled, leaving the pool of water she had been bathing in to become the lagoon. The folds of her mantle, streaming behind her as she ran, became the surrounding sand dunes. And the woman herself is rumored to still live in the oasis as a mermaid. 100 Nuevo Soles Banknote
The front of the 100 Nuevo Soles bill is presenting the picture of Jorge Basadre Grohmann, one of the country’s most notable historian, born 1903 in Tacna. Next to him is the community center of Tacna.
Even a province in the Tacna Region has been named after him: Jorge Basadre. The back of the 100 Nuevo Soles bill shows the National Library in which Jorge Basadre Grohmann was appointed in 1943 as a director. After the library had been destroyed by a fire, he made the reconstruction to his main objective. We shouldn't forget to mention that he was the founder of the National School of Librarians. 200 Nuevo Soles Banknote
The 200 Nuevo Soles bill is the highest valued banknote and the front is decorated with the effigy of the Saint Rose de Lima, patron saint of Latin America, India and the Philippines, born in 1586. St. Rose was beatified by Pope Clement IX in 1667, and canonized in 1671 by Pope Clement X as the first Catholic in the Americas to be canonized by the Roman Church. Next to her portrait is the well of the wishes, a place often visited by her believers.
The back of the 200 Nuevo Soles bill is decorated with an image showing the inside of the Convent of Santo Domingo. Saint Rose de Lima’s shrine, alongside with those of her friends St. Martín de Porres and Alonso Abad, are located within the Convent of Santo Domingo in Lima.
Peruvian Coins (Centimos & Soles)
The Nuevo Sol is subdivided into 100 Centimos. Coins have been issued for 1 Centimo, 5 Centimos, 10 Centimos, 20 Centimos, 50 Centimos, S/. 1, S/. 2 and S/. 5. The abbreviation "S/." stands for Nuevo Sol.
![]() The Central Reserve Bank of Peru has issued a new coin with the value of one Nuevo Sol. The coin has been put into circulation March 2010 and is supposed to be the first issue of the new numismatic series called "Wealth and Pride of Peru". With this series the Central Reserve Bank of Peru seeks a new way of spreading the diverse and rich cultural heritage of Peru with one of the most commonly used coins in the country. The new coins are legal tender and are not thought to be a replacement for the current S /. 1.00 coins. Both will circulate simultaneously and can be used in any transaction.
The front side of the coin shows the “Tumi de Oro” (*1), a typical Peruvian short bladed (semi-circular) knife with the mythological figure of “Ñaylamp” (Lambayeque Culture) as the handle. The symbol on the right represents the mark of the National Mint on a background of vertical lines. The back of the coin shows in the center part the Peruvian Coat of Arms surrounded by the writing Central Reserve Bank of Peru “Banco Central de Reserva del Perú” and the year of issue. This side of the coin is nearly identical to the previous issued S /. 1.00 coins that have been in circulation. (*1) The tumi is a sacrificial ceremonial knife used by some Inca and pre-Inca cultures in the Peruvian Coastal Region. Other Andean cultures have used it for the neurological procedure of skull trepanation. The tumi is one of the national symbols for Peru and has also become a popular symbol used by the tourism industry. The 'Banco Central de Reserva del Perú (BCRP)' has issued new banknotes that contain besides the standard security features, like watermark and security stripe, other characteristics that should hopefully protect against forgeries:
value (e.g. 10, 20…).
the bank note.
colour change while moving the banknote back and forth.
(after a while they tend to come off. They are only attached to the paper, NOT printed on!). If you are brave enough, a quick pull on both sides of the note - at the same time - should reveal whether the money is fine (if it tears, it's fake – or you've just pulled too much!).
Gallery of Old Peruvian Banknotes
Peru has had three monetary systems. The first one is the Sol (Spanish word for sun) or Soles (plural). In the 80's Peru changed to the Inti. In 1991 Peru changed its monetary system again to replace the highly inflated Inti with the Nuevo Soles at a rate of 1 Nuevo Sol = 1,000,000 Intis. The return to this name is considered appropriate as it could be derived from historical use and divination of the sun 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. In the little gallery below we have collected some pictures of old banknotes dated from 1879 to 1990.
Please click on the Pictures for bigger view...
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Lima, Peru
Exchange Rates
03-07-2010
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