Centennial of the Battle of Callao in 1866 during the Chincha Islands War

The sol, later known as the sol de oro, was the currency of Peru between 1863 and 1985. It had the ISO 4217 currency code PEH. The sol was introduced when Peru decimalized. It was equivalent to eight reals and was subdivided into 100 centavos. The name derives from the sueldo, the Spanish equivalent of the French sou and Italian soldo. Image File history File links 20_soles_de_oro-spain_battle. ... Image File history File links 20_soles_de_oro-spain_battle. ... Combatants Spain Peru and allies Commanders Casto Méndez Núñez Mariano Ignacio Prado; various commanders Strength 14 ships several ships, infantry, cavalry, townspeople Casualties around 50 dead, 83 wounded around 200 The Battle of Callao (in Spanish, sometimes called el Combate del Dos de Mayo) occurred on May 2... 1866 (MDCCCLXVI) is a common year starting on Monday of the Gregorian calendar or a common year starting on Wednesday of the 12-day-slower Julian calendar. ... A Peruvian battery during the Battle of Callao The Chincha Islands War (in Spanish, Guerra Hispano-Peruana) (1864-1866) was a series of coastal and naval battles between Spain and its former colonies of Peru and Chile. ... ISO 4217 is the international standard describing three letter codes (also known as the currency code) to define the names of currencies established by the International Organization for Standardization (ISO). ... In the management of currencies, decimalisation (or decimalization) is the process of converting from traditional denominations to a decimal system, usually with two units differing by a factor of one hundred. ... The real was the currency of Peru until 1863. ...

Initially, silver and gold coins denominated in soles were equivalent to French coins at the exchange rate of 1 sol = 5 francs. However, whilst silver coins of this standard were issued until 1917, gold issues ceased after a single year.

Banknotes denominated in soles were first issued by the government in 1879, followed in 1881 by issues denominated in incas, worth ten soles. In 1880 and 1881, silver coins of denominations 1 and 5 pesetas, were issued, worth 20 centavos and 1 sol, respectively. From 1898, gold coins called libras were issued worth ten soles and equivalent to the British pound. Banknotes denominated in libras were issued between 1914 and 1922. The peseta was a shortlived denomination issued by Peru in 1880 and 1881. ... For details of notes and coins, see British coinage and British banknotes. ...

In 1933, banknotes were issued once more denominated in soles, now called soles de oro. This name also appeared from 1935 on coins, when silver was replaced by base metal for the ½ and 1 sol coins.

During the hyperinflation that occurred in Peru during the disastrous presidency of Alan Garcia, the sol was replaced in 1985 by the inti at a rate of one thousand to one. The Peruvian nuevo sol replaced the inti in 1991 at the rate of one million to one. Certain figures in this article use scientific notation for readability. ... Alan Garc rez (born May 23, 1949 in Lima) was President of Peru from 1985 to 1990. ... The inti was a currency adopted by Peru in mid-1985 during the García presidency, replacing the over-inflated sol. ... The sol (plural: soles) (S/.) is the monetary unit (currency) of Peru. ...