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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 coins ceased. Smaller 1 ⁄ 2 and 1 real coins were introduced in 1858 and 1859, respectively, along with 50 centimos in 1858 and then 25 and 50 centavos in 1859 ...
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 1 ⁄ 8 peso, reales worth 1 ⁄ 10 peso were introduced in 1858 in their transition to a decimal currency system.
The sol was introduced in 1863 when Peru completed its decimalization, replacing the real at a rate of 1 sol = 10 reales. The sol also replaced the Bolivian peso at par, which had circulated in southern Peru. [1] Between 1858 and 1863, coins had been issued denominated in reales, centavos and escudos.
In January 2011, after Chile announced that in 2011 the country planned to buy foreign reserves of $12 billion, the peso experienced an immediate fall in value. [10] The country's main export is copper to China and India. [10] The currency strength has resulted in over-high wages, and high inflation. [10]
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The inca appeared on two series of banknotes, one consisting of overprints on earlier notes, the other a regular issue. The overprinted denominations were 1 real de inca, surcharged on old 1 sol notes, 5 reales de inca, stamped on old 5 soles notes, and 100 centavos de inca (i.e., 1 inca), surcharged on old 100 soles notes.
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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.The sol continued to be produced during this period and was not replaced by the peseta.