The Four Monetary Systems of Peru

The Four Monetary Systems of PeruThe Four Monetary Systems of Peru
From the Libra Peruana de Oro (1897) to the Nuevo Sol (today)

Peru had since 1897 four main monetary systems. The first one was the Libra Peruana de Oro (Peruvian Gold Pound) that was in circulation as legal tender from 1897. In 1930 followed a new currency called the Sol de Oro (Golden Sun). Due to high inflation the currency of the era of Republican Peru was abandoned in 1985 and the Inti introduced. The bad economic state of Peru and terrorism in the late 1980s forced the Inti to lose its value very quickly. Hyperinflation struck the country and the Peruvian government was forced to introduce a new currency in 1991: the Nuevo Sol (New Sun). The Nuevo Sol was introduced at a rate of 1 Nuevo Sol = 1,000,000 Inti's. The return to this name is considered appropriate as it could be derived from historical use and devotion 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.

One Libra Peruana de Oro from 1922 - Old Peruvian Banknote

One Libra Peruana de Oro from 1922 (Old Peruvian Banknote)

1000 Soles de Oro Peruvian banknote from 1979 with the image of Miguel Grau

1000 Soles de Oro Peruvian banknote from 1979 with the image of Miguel Grau

500,000 Intis banknote from 1988 with the image of the famous Ricardo Palma

500,000 Intis banknote from 1988 with the image of the famous Ricardo Palma

20 Nuevos Soles banknote with the image of Raul Porras Barrenechea

20 Nuevos Soles banknote (legal tender, in circulation since 1991) with the image of Raul Porras Barrenechea

10 Nuevos Soles banknote with the image of the archaeological site Machu Picchu.

10 Nuevos Soles banknote (legal tender, in circulation since 2011) with the image of the archaeological site Machu Picchu.

The Nuevo Sol has been in circulation from 1991 and since then the banknotes have undergone a couple of improvements. In June 2011 completely new S/. 10 and S/. 20 and in August 2011 new S/. 50, S/. 100 and S/. 200 bills have been put into circulation. For the moment both types of Nuevo Sol banknotes are valid, legal tender and in circulation simultaneously!

The "Nuevo Sol" is Peru's current currency

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 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 and has a more or less steady exchange rate with the US Dollar.

Old Peruvian Inti banknotes are no legal tender anymore! You can't exchange them anywhere! While the one or other bill might have a value for a collector if in impeccable condition, Intis are except for their sentimental value unfortunately worthless!

Peruvian Banknotes and Coins

Do you know the background and history of the images on the banknotes and coins of your country? Can you differentiate real from fake back home? In Peru you won't find any pictures of former presidents on the money, but rather famous personalities and archaeological sites which are part of Peru's extensive past. Therefore Peru's Nuevo Sol banknotes don't only stand for the pure nominal value of the bill, but also pass on the rich cultural patrimony of the country. Have a look at our very detailed listings:

Current Peruvian Banknotes

Current Peruvian Coins

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