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The sol (Spanish pronunciation:; plural: soles; currency sign: S/) [3] is the currency of Peru; it is subdivided into 100 céntimos ("cents"). The ISO 4217 currency code is PEN . The sol replaced the Peruvian inti in 1991 and the name is a return to that of Peru's historic currency, as the previous incarnation of sol was in use from 1863 to 1985.
The sol, later sol de oro (English: gold sol), was the currency of Peru between 1863 and 1985. It had the ISO 4217 currency code PES. It was subdivided into 10 dineros or 100 centavos. It also had two different superunits over its circulation life, the inca (1881–1882) and later the gold pound (1898–1931, abbreviated Lp.
During the period 1836-1839, when Peru was part of the Peru-Bolivian Confederation, the States and then Republics of North and South Peru issued their own coins. North Peru issued 1 ⁄ 2, 1, and 8 reales, 1 ⁄ 2, 1, 2, 4 and 8 escudos whilst South Peru issued 1 ⁄ 2, 2, 4 and 8 reales, 1 ⁄ 2, 1 and 8 escudos. In 1856, production of all ...
The nuevo sol ("new sol") was adopted on 1 July 1991, replacing the inti at an exchange rate of a million to one. Thus: 1 new sol = 1,000,000 intis = 1,000,000,000 soles de oro. Inti notes and coins are no longer legal tender in Peru, nor can they be exchanged for notes and coins denominated in the current nuevo sol.
As a result of chronic inflation, the Peruvian currency, the sol, was replaced by the inti in mid-1985, which itself was replaced by the nuevo sol in July 1991; the new currency had an equivalent value of one billion old soles. During García's administration, the per-capita annual income of Peruvians fell to $720, which was below 1960 levels ...
The sol hit a record low against the dollar last year and ended down over 10%, one of Latin America's worst performers. Analysis-Rising sol: Peru's currency gains lift from rate hikes, trade winds ...
This infobox shows the latest status before this currency was rendered obsolete. The peseta was a short-lived denomination issued by Peru between 1880 and 1882. The peseta was subdivided into 2 reales , with 5 pesetas equal to 1 sol .
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