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Peruvian nuevo sol
From Wikipedia, the free encyclopedia
| Peruvian nuevo sol nuevo sol peruano (Spanish) |
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| ISO 4217 Code | PEN | ||
|---|---|---|---|
| User(s) | Peru | ||
| Inflation | 2.1% | ||
| Source | The World Factbook, 2006 est. | ||
| Subunit | |||
| 1/100 | céntimo | ||
| Symbol | S./ | ||
| Plural | nuevos soles | ||
| Coins | 1, 5, 10, 20, 50 céntimos, 1, 2, and 5 nuevos soles | ||
| Banknotes | 10, 20, 50, 100, 200 nuevos soles | ||
| Central bank | Central Reserve Bank of Peru | ||
| Website | www.bcrp.gob.pe | ||
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.
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The nuevo sol was introduced on 1 July 1991 to replace the inti at a rate of 1 nuevo sol = 1,000,000 intis. Coins denominated in the new unit were introduced on 1 October 1991 and the first banknotes on 13 November 1991.
The nuevo sol currently retains a low inflation rate of 1.6%.[citation needed] Since the new currency was put into effect, it has managed to maintain a stable exchange rate between 3.1 and 3.5 nuevo soles per United States dollar.
The current coins were introduced in 1991 in denominations of 1, 5, 10, 20, and 50 céntimos and 1 nuevo sol. 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 and banks have ceased distributing them.
| Value | Diameter | Thickness | Mass | Composition | Edge |
|---|---|---|---|---|---|
| 1 céntimo | 16 mm | 1.05 mm | 1.78 g | Aluminium and Brass | Smooth |
| 5 céntimos | 18 mm | 1.26 mm | 2.70 g | Brass | Smooth |
| 10 céntimos | 20.5 mm | 1.26 mm | 3.50 g | Brass | Smooth |
| 20 céntimos | 23 mm | 1.26 mm | 4.40 g | Brass | Smooth |
| 50 céntimos | 22 mm | 1.65 mm | 5.45 g | Cu-Zn-Ni | Reeded |
| 1 nuevo sol | 25.5 mm | 1.65 mm | 7.32 g | Cu-Zn-Ni | Reeded |
| 2 nuevos soles | 22.2 mm | 2.07 mm | 5.62 g | Bi-metallic Outside ring: Steel Centre: Cu-Zn-Ni |
Smooth |
| 5 nuevos soles | 24.3 mm | 2.13 mm | 6.67 g | Bi-metallic Outside ring: Steel Centre: Cu-Zn-Ni |
Smooth |
In 1991, banknotes for 10, 20, 50 and 100 nuevos soles were introduced. 200 nuevos soles were added in 1995.
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- 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
- Images of modern Peruvian banknotes