Peruvian sol PEN

The Peruvian nuevo sol is the official currency of Peru. One nuevo sol is divided into 100 centimos. This currency is issued by the Central Bank of Peru. Banknotes in circulation include denominations of 10, 20, 50, 100, and 200 soles, and coins are available in 1, 5, 10, 20, 50 centimos and 1, 2, 5 soles.

History of the Peruvian Nuevo Sol

The Peruvian nuevo sol was introduced in 1991, replacing the highly devalued inti at a rate of 1 nuevo sol = 1 million intis. Coins for the nuevo sol entered circulation in 1991, while banknotes followed a bit later, after more than six months.

Interesting Facts about the Peruvian Nuevo Sol

The sol was used since 1863, and the name itself means "sun," which was continued as a symbol for Peru. The new currency, when translated from Spanish, means "new sun." In 1990, Peru's currency reached the lowest economic level in South America.