Currency of Peru
Peruvian sol
Sol Peruano
(
Spanish
)
|
---|
2019 50 centimos coin
|
|
Code
| PEN (numeric:
604
)
before: PEH, PEI, PES
|
---|
Subunit
| 0.01
|
---|
|
Plural
| soles
|
---|
Symbol
| S/
|
---|
|
Subunit
| |
---|
1
⁄
100
| centimo
|
---|
Plural
| |
---|
centimo
| centimos
|
---|
Banknotes
| |
---|
Freq. used
| S/10, S/20, S/50, S/100
|
---|
Rarely used
| S/200
|
---|
Coins
| |
---|
Freq. used
| 10, 20, 50 centimos, S/1, S/2, S/5
|
---|
Rarely used
| 1, 5 centimos (discontinued, still legal tender)
|
---|
|
Date of introduction
| July 1, 1991
|
---|
Replaced
| Peruvian inti
|
---|
User(s)
|
Peru
|
---|
|
Central bank
| Central Reserve Bank of Peru
|
---|
Website
| www
.bcrp
.gob
.pe
|
---|
Printer
| Perum Peruri
[1]
|
---|
Website
| www
.peruri
.co
.id
|
---|
Mint
| National Mint (
Casa Nacional de Moneda
)
|
---|
|
Inflation
| 2%
|
---|
Source
| [2]
January 2014
|
---|
The
sol
(
Spanish pronunciation:
[sol]
; plural:
soles
;
currency sign
:
S/
)
[3]
is the
currency
of
Peru
; it is subdivided into 100
centimos
("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. Although
sol
in this usage is derived from the Latin
solidus
(
lit.
'
solid
'
), the word also means "sun" in Spanish. There is thus a continuity with the old Peruvian inti, which was named after
Inti
, the
Sun God
of the
Incas
.
At its introduction in 1991, the currency was officially called
nuevo sol
("new sol"), but on November 13, 2015, the
Peruvian Congress
voted to rename the currency simply
sol
.
[4]
[5]
History
[
edit
]
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
or
sol de oro
from 1863 to 1985, at 1 sol = 10 reales.
- The
inti
from 1985 to 1991, at 1 inti = 1,000
soles de oro
.
Due to the bad state of economy and
hyperinflation
in the late 1980s, the government was forced to abandon the inti and introduce the sol as the country's new currency.
[6]
The new currency was put into use on July 1, 1991, by Law No. 25,295, to replace the inti at a rate of 1 sol to 1,000,000 intis, or one
inti millon
.
[7]
Coins denominated in the new unit were introduced on October 1, 1991, and the first banknotes on November 13, 1991. Since that time,
[
when?
]
the sol has retained an inflation rate of 1.5%, the lowest ever in either South America or Latin America as a whole.
[8]
[
failed verification
]
Since the new currency was put into effect, it has managed to maintain an exchange rate
[9]
between S/2.2 and S/4.13 per
US dollar
.
Coins
[
edit
]
Coins were introduced in 1991 in denominations of 1, 5, 10, 20, and 50
centimos
and S/1.
[7]
Coins for S/2 and S/5 were added in 1994. The one- and five-
centimo
coins fell out of use and the one-
centimo
was removed from circulation on May 1, 2011 followed by the five-
centimos
on January 1, 2019.
[10]
(For cash transactions retailers must round down to the nearest ten
centimos
or up to the nearest five. Electronic transactions continue to be processed at the exact amount.)
All coins show the
coat of arms of Peru
surrounded by the text
Banco Central de Reserva del Peru
("
Central Reserve Bank of Peru
") on the obverse; the reverse of each coin shows its denomination. Included in the designs of the
bimetallic
S/2 and S/5 coins are the hummingbird and condor figures from the
Nazca Lines
.
[11]
Image
|
Value
|
Diameter (mm)
|
Thickness (mm)
|
Mass (g)
|
Composition
|
Edge
|
|
10 centimos
|
20.5
|
1.26
|
3.50
|
Brass
|
Smooth
|
|
20 centimos
|
23
|
1.26
|
4.40
|
Brass
|
Smooth
|
|
50 centimos
|
22
|
1.65
|
5.45
|
Cu?Zn?Ni
|
Reeded
|
|
S/1
|
25.5
|
1.65
|
7.32
|
Cu?Zn?Ni
|
Reeded
|
|
S/2
|
22.2
|
2.07
|
5.62
|
Bimetallic
Outside ring: Steel
Centre: Cu?Zn?Ni
|
Smooth
|
|
S/5
|
24.3
|
2.13
|
6.67
|
Bimetallic
Outside ring: Steel
Centre: Cu?Zn?Ni
|
Reeded (since 2009)
|
Banknotes
[
edit
]
Banknotes for S/10, S/20, S/50, and S/100 were introduced in 1990.
[7]
The banknote for S/200 was introduced in August 1995.
[12]
All notes are of the same size (140 x 65 mm) and contain the portrait of a well-known historic Peruvian on the obverse.
[13]
A new series of banknotes was issued starting in 2021, beginning with the S/10 and S/100 notes in July 2021
[14]
[15]
and followed by the S/20 and S/50 notes in July 2022.
[16]
A S/200 note is released in December 2023.
[17]
Denomination
|
In circulation since
|
Colour
|
Person depicted on obverse
|
Reverse
|
Image (obverse)
|
S/10
|
1991
|
|
Green
|
|
|
|
2011
|
|
Green
|
|
|
|
2014
|
|
Green
|
|
|
[1]
|
2021
|
|
Green
|
|
|
|
S/20
|
1991
|
|
Brown
|
|
|
|
2011
|
|
Brown
|
|
Huaca del Dragon, incorrectly named as
Chan Chan
|
[2]
|
2022
|
|
Brown
|
|
|
|
S/50
|
1991
|
|
Orange
|
|
|
|
2011
|
|
Orange
|
|
|
[3]
|
2022
|
|
Pink
|
|
|
|
S/100
|
1992
|
|
Blue
|
|
|
|
2011
|
|
Blue
|
|
|
[4]
|
2021
|
|
Blue
|
|
|
|
S/200
|
1995
|
|
Pink
|
|
Convent of Santo Domingo, Lima
|
|
2011
|
|
Gray
|
|
|
[5]
|
2023
|
|
Purple
|
|
|
|
See also
[
edit
]
References
[
edit
]
- ^
"Peruri Cetak Uang Peru, Dibayar Rp255 Miliar"
.
CNN Indonesia
(in Indonesian)
. Retrieved
23 March
2022
.
- ^
"6 Percent GDP Growth And The Lowest Inflation Rate In Latin America: Peru In 2014"
.
International Business Times
. January 14, 2014
. Retrieved
January 28,
2014
.
- ^
"La moneda peruana tiene un nuevo simbolo: desde ayer es S/ no S/. segun BCR"
.
La Republica
. January 6, 2016
. Retrieved
January 11,
2016
.
- ^
"Moneda peruana cambiara de nombre de "nuevo sol" a "sol"
"
.
El Comercio de Peru
. November 13, 2015
. Retrieved
November 23,
2015
.
- ^
"Desde ayer la moneda peruana se llama "Sol"
"
.
El Comercio de Peru
. December 16, 2015
. Retrieved
December 20,
2015
.
- ^
San Jose State University Department of Economics, The economic history and the economy of Peru. Retrieved on July 11, 2007.
- ^
a
b
c
(in Spanish)
Law No. 25.295,
Unidad Monetaria Nuevo Sol
, January 3, 1991
- ^
(in Spanish)
Banco Central de Reserva del Peru
,
Inflation Report, May 2007, Central Reserve Bank of Peru
Archived
2007-06-09 at the
Wayback Machine
. Retrieved on July 11, 2007
- ^
"Peru's nuevo sol is the most stable currency in region"
.
Peru This Week
. July 2, 2012. Archived from
the original
on December 2, 2016
. Retrieved
January 28,
2014
.
- ^
"MONEDAS DE 5 CENTIMOS DEJARAN DE CIRCULAR DESDE EL 1 DE ENERO DE 2019"
(PDF)
.
Central Reserve Bank of Peru
(in Spanish). October 31, 2018
. Retrieved
October 31,
2018
.
- ^
(in Spanish)
Banco Central de Reserva del Peru,
Cono Monetario
. Retrieved on July 14, 2007.
- ^
(in Spanish)
Circular letter N°028-97-EF/90, August 26, 1997, Central Reserve Bank of Peru
- ^
(in Spanish)
Banco Central de Reserva del Peru,
Familia de Billetes
. Retrieved on July 14, 2007.
- ^
"Nuevo billete de S/ 10"
.
Multimedia.bcrp.gob.pe
. Retrieved
27 July
2022
.
- ^
"Nuevo billete de S/ 100"
.
Multimedia.bcrp.gob.pe
. Retrieved
27 July
2022
.
- ^
"ShieldSquare Captcha"
(PDF)
.
Bbcrp.gob.pe
. Retrieved
27 July
2022
.
- ^
RedaccionRPP (2023-12-15).
"BCR pone en circulacion billete de S/200 con nuevo diseno | RPP Noticias"
.
rpp.pe
(in Spanish)
. Retrieved
2023-12-15
.
External links
[
edit
]
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North
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Caribbean
| |
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Central
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South
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Proposed
| |
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|
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Circulating
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Defunct
| |
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As a denomination
| |
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Proposed
| |
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See also
| |
---|