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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 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. The sol was initially pegged to the French franc at a rate of 1 sol = 5 francs (S/. 5.25 to £1 and S/. 1.08 to US$1).
Peru's sol has become Latin America's most stable currency, shaking off political turmoil in the nation that's had five presidents in as many years and seen deadly protests. That has in turn ...
Peruvian sol Peru: S/. Céntimo [75] [76] Surinamese dollar Suriname $ Cent [77] [78] Trinidad and Tobago dollar Trinidad and Tobago: TT$ Cent [79] [80] United Kingdom pound South Georgia and the South Sandwich Islands (United Kingdom) £ Pence [81] United States dollar Bonaire (Netherlands) $ Cent [82] [83] [84] British Virgin Islands (United ...
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 numismatic series Wealth and Pride of Peru ("Riqueza y Orgullo del Perú" in Spanish) were minted by the Central Reserve Bank of Peru with the aim of promoting a numismatic culture and disseminate the cultural heritage of Peru. Each coin depicts a department of Peru, showing a tourist attraction in the region. [1]
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