Currency - Peruvian sol

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Peruvian sol

S/
The sol (plural: soles; currency sign: S/) 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. Although sol in this usage is derived from the Latin solidus, 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.

Because of 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. 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. Coins denominated in the new unit were introduced on October 1, 1991, and the first banknotes on November 13, 1991. Since that time, the sol has retained an inflation rate of 1.5%, the lowest ever in either South America or Latin America as a whole. Since the new currency was put into effect, it has managed to maintain a stable exchange rate between 2.2 and 3.66 per United States dollar.

The current coins were introduced in 1991 in denominations of 1, 5, 10, 20, and 50 céntimos and 1 sol. The 2- and 5-sol coins were added in 1994. Although one- and five-céntimo coins are officially in circulation, they are very rarely used. For this reason the aluminium one-céntimo coin, introduced in December 2005, was removed from circulation on May 1, 2011. For cash transactions, retailers must round down to the nearest ten céntimos or up to the nearest five. Electronic transactions will still be processed in the exact amount. An aluminium five-céntimo coin was introduced in 2007. 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 each coin shows its denomination. Included in the designs of the bimetallic two- and five-sol coins are the hummingbird and condor figures from the Nazca Lines.

Banknotes for 10, 20, 50, and 100 soles were introduced in 1990. The banknote for 200 soles was introduced in August 1995. All notes are of the same size (140 x 65 mm) and contain the portrait of a well-known historic Peruvian on the obverse.

* Numismatic series Wealth and Pride of Peru

* Numismatic series Natural Resources of Peru

* Economy of Peru

* Peruvian inti

Country

Peru

Peru (undefined ; Piruw Republika ; Piruw Suyu ), officially the Republic of Peru, is a country in western South America. It is bordered in the north by Ecuador and Colombia, in the east by Brazil, in the southeast by Bolivia, in the south by Chile, and in the west by the Pacific Ocean. Peru is a megadiverse country with habitats ranging from the arid plains of the Pacific coastal region in the west to the peaks of the Andes mountains vertically extending from the north to the southeast of the country to the tropical Amazon Basin rainforest in the east with the Amazon river.

Peruvian territory was home to several ancient cultures. Ranging from the Norte Chico civilization in the 32nd century BC, the oldest civilization in the Americas and one of the five cradles of civilization, to the Inca Empire, the largest state in pre-Columbian America, the territory now including Peru has one of the longest histories of civilization of any country, tracing its heritage back to the 4th millennia BCE.

Language

Peruvian sol (English)  Nuevo sol peruviano (Italiano)  Peruviaanse sol (Nederlands)  Sol (Français)  Peruanischer Sol (Deutsch)  Novo sol (Português)  Перуанский новый соль (Русский)  Sol (Español)  Sol (Polski)  秘魯新索爾 (中文)  Nuevo sol (Svenska)  ヌエボ・ソル (日本語)  Новий соль (Українська)  페루 솔 (한국어)  Perun sol (Suomi)  Nuevo Sol (Bahasa Indonesia)  Naujasis solis (Lietuvių)  Sol (Dansk)  Sol (Česky)  Nuevo Sol (Türkçe)  Перуански нови сол (Српски / Srpski)  Perui sol (Magyar)  Peruanski novi sol (Hrvatski)  Σολ Περού (Ελληνικά)  Sol Peru (Tiếng Việt) 
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