Peruvian nuevo sol

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Peruvian nuevo sol nuevo sol peruano (Spanish)
Image:Coin Peru 1 Nuevo Sol.jpg Image:Coin Peru 1 Nuevo Sol (Back).jpg 1 Nuevo Sol (Reverse) 1 Nuevo Sol (Obverse)
ISO 4217 Code	PEN
User(s)	Peru
Inflation	1.5%
Source	Inflation Report, May 2007, Central Reserve Bank of Peru
Subunit
1/100	céntimo
Symbol	S/.
Plural	nuevos soles
céntimo	céntimos
Coins
Freq. used	10, 20, 50 céntimos, 1, 2, 5 nuevos soles
Rarely used	1, 5 céntimos
Banknotes	10, 20, 50, 100, 200 nuevos soles
Central bank	Central Reserve Bank of Peru
Website	www.bcrp.gob.pe
Mint	National Mint (Casa Nacional de Moneda)

The nuevo sol (plural: nuevos soles) (S/.) is the currency of Peru. It is subdivided into 100 céntimos. The ISO 4217 currency code is PEN.

The name is a return to that of Peru's historic currency, the sol in use from the 19th century to 1985. Although the derivation of sol is from the Latin solidus, the name means sun in Spanish. There is a continuity therefore with the old Peruvian inti, which was named after Inti, the Sun God of the Incas.

Contents 1 History 2 Coins 3 Banknotes 4 See also 5 References 6 External links

[edit] History

Because of the bad state of economics in the 1980s and hyperinflation in the late 1980s the government was forced to abandon the inti and introduce the nuevo sol (new sol) as the country's new currency.^[1] The currency was put into use on July 1, 1991 (by Law N° 25295) to replace the inti at a rate of 1 nuevo sol = 1,000,000 intis.^[2] Coins denominated in the new unit were introduced on October 1, 1991 and the first banknotes on November 13, 1991.

The nuevo sol currently retains a low inflation rate of 1.5%.^[3] Since the new currency was put into effect, it has managed to maintain a stable exchange rate between 2.9 and 3.2 nuevo soles per United States dollar.

[edit] Coins

The current coins were introduced in 1991 in denominations of 1, 5, 10, 20, and 50 céntimos and 1 nuevo sol.^[2] The 2 and 5 nuevos soles coins were added in 1994. Although 1 and 5 céntimo coins are officially in circulation, they are very rarely used. An aluminium 1 céntimo coin was introduced in December 2005.^[4], and a 5 céntimos coin in 2007 ^[5]. All coins show the coat of arms of Peru surrounded by the text Banco Central de Reserva del Perú (Central Reserve Bank of Peru) on the obverse. The reverse of all coins shows the denomination. Included in the design of the bi-metallic 2 and 5 nuevos soles coins are the Nazca lines hummingbird and frigatebird figures.^[6]

Image	Value	Diameter	Thickness	Mass	Composition	Edge
Image:Coin Peru 1 Centimo (Brass).jpg	1 céntimo	16 mm	1.05 mm	1.78 g	Brass	Smooth
Image:Coin Peru 1 Centimo (Alu).jpg	1 céntimo	16 mm	1.50 mm	0.82 g	Aluminium	Smooth
Image:Coin Peru 5 Centimos (Brass).jpg	5 céntimos	18 mm	1.26 mm	2.70 g	Brass	Smooth
	5 céntimos	18 mm	1.50 mm	1.02 g	Aluminium	Smooth
Image:Coin Peru 10 Centimos.jpg	10 céntimos	20.5 mm	1.26 mm	3.50 g	Brass	Smooth
Image:Coin Peru 20 Centimos.jpg	20 céntimos	23 mm	1.26 mm	4.40 g	Brass	Smooth
Image:Coin Peru 50 Centimos.jpg	50 céntimos	22 mm	1.65 mm	5.45 g	Cu–Zn–Ni	Reeded
Image:Coin Peru 1 Nuevo Sol.jpg	1 nuevo sol	25.5 mm	1.65 mm	7.32 g	Cu–Zn–Ni	Reeded
Image:Coin Peru 2 Nuevos Soles.jpg	2 nuevos soles	22.2 mm	2.07 mm	5.62 g	Bi-metallic Outside ring: Steel Centre: Cu–Zn–Ni	Smooth
Image:5 soles.jpg	5 nuevos soles	24.3 mm	2.13 mm	6.67 g	Bi-metallic Outside ring: Steel Centre: Cu–Zn–Ni	Smooth

Peruvian nuevo sol coins.jpg Current Coins - Reverse

Peruvian nuevo sol coins reverse.jpg Current coins - Obverse

Soles peruanos (monedas).JPG Used 1, 2, and 5 nuevo sol coins

[edit] Banknotes

In 1991, banknotes for 10, 20, 50 and 100 nuevos soles were introduced.^[2] The banknote for 200 nuevos soles was subsequently introduced in August 1995.^[7] All notes are of the same size (140 x 65 mm) and contain the portrait of an well-known historic Peruvian on the obverse.^[8]

Obverse	Reverse	Value (S/.)	Dimensions	Main color	Depicted person (obverse)
Image:Banknote Peru 10 Nuevos Soles.jpg	Image:Banknote Peru 10 Nuevos Soles (Reverse).jpg	10	140 × 65 mm	Green	José Abelardo Quiñones Gonzáles
Image:20soles.jpg	Image:Banknote Peru 20 Nuevos Soles (Reverse).jpg	20		Orange	Raúl Porras Barrenechea
Image:Banknote Peru 50 Nuevos Soles.jpg	Image:Banknote Peru 50 Nuevos Soles (Reverse).jpg	50		Brown	Abraham Valdelomar Pinto
Image:100soles.jpg	Image:Banknote Peru 100 Nuevos Soles (Reverse).jpg	100		Blue	Jorge Basadre Grohmann
Image:Banknote Peru 200 Nuevos Soles.jpg	Image:Banknote Peru 200 Nuevos Soles (Reverse).jpg	200		Pink	Saint Rose of Lima

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[edit] See also

• Economy of Peru
• Peruvian inti
• Peruvian sol

[edit] References

[edit] External links

• Don's World Coin Gallery - Peru
• Ron Wise's World Paper Money - Peru ^{Mirror site}
• The Global History of Currencies - Peru
• Global Financial Data currency histories table (Image:Crystal 128 kspread.png Microsoft Excel format)
• Images of modern Peruvian banknotes

v • d • e Historical currencies of Peru     Image:Flag of Peru (state).svg
Main line Real         –1863 Sol 1863–1985 Inti 1985–1991 Nuevo sol 1991–present Non main line Peseta 1880–1882 Inca 1881–1882 Libra 1898–1931

v • d • e Currencies of the Americas
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ast:Nuevu sol

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