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Encyclopedia > Sol (currency)

The sol (plural: "soles") (S/.) is the monetary unit (currency) of Peru. The nuevo sol ("new sol") was introduced in 1991 to replace the highly inflated inti that the country had adopted in mid-1985 because the old sol was inflated beyond use. The ISO 4217 currency code is PEN (the old sol had the code PEH, and the inti was the PEI). 1991 is a common year starting on Tuesday of the Gregorian calendar. ... The inti was a currency adopted by Peru in mid-1985 during the García presidency, replacing the over-inflated sol. ... 1985 is a common year starting on Tuesday of the Gregorian calendar. ... ISO 4217 is an international standard describing three letter codes to define the names of currencies established by the International Organization for Standardization (ISO). ...


The name derives from historical use and divination of the sun (sol, in Spanish) as a symbol of power, also as a (not-so-)subtle way of connecting the new currency (nuevo sol) to the old inti currency, which was named after Inti, the Sun God of the Incas, which in turn was derived from the old sol, derived from Latin Solidus, but misinterpreted as the homophonous word for Sun. Inti, the Sun God In Inca mythology, Inti was the sun god, as well a patron deity of Tahuantinsuyu. ... A solar deity is a deity who represents the Sun. ... For other meanings of Inca, see Inca (disambiguation). ... A solidus (the Latin word for solid) was originally a gold coin issued by the Romans. ...

  • 1 nuevo sol = 100 céntimos

Coins in circulation: 1 (see note), 5, 10, 20, and 50 céntimos; 1, 2, and 5 nuevos soles.


Notes in circulation: 10, 20, 50, 100, and 200 nuevos soles.


Exchange rates as of July 2005: Ongoing events • 2005 Atlantic and Pacific hurricanes • 2005 Maharashtra floods • 2005 Gujarat Flood • Expo 2005 in Aichi, Japan • Fuel prices • Gomery Comm. ...

  • 1 U.S. dollar = approximately 3.25 nuevos soles
  • 1 euro = approximately 3.94 nuevos soles

NOTE: While legally still in circulation, the 1 céntimo coin is hardly used anymore. The BCRP (Central Reserve Bank) has stopped minting of these coins and final costs in establishments are rounded down to the previous 5 céntimos since most do not hold 1 céntimo coins (in some, this is even rounded down to the previous 10 céntimos). This is largely because most cash registers have enough compartments to hold six or seven different coin denominations, so the smallest are discarded. The United States dollar is the official currency of the United States. ... The euro (€; ISO 4217 code EUR) is the currency of twelve European Union member states: Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, and Spain, collectively known as Eurozone. ...


Current PEN exchange rates

AUD | CAD | EUR | GBP | INR | NZD | USD



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Currencies of The Americas
North  Bermuda dollar | Canadian dollar | Danish krone (Greenland) | Euro (Saint-Pierre et Miquelon) | Mexican peso | US dollar
Central  Belize dollar | Costa Rican colón | Guatemalan quetzal | Honduran lempira | Nicaraguan córdoba | Panamanian balboa | US dollar (El Salvador)
Caribbean  Aruban florin | Bahamian dollar | Barbadian dollar | Cayman dollar | Cuban peso | Cuban convertible peso | Dominican peso | East Caribbean dollar | Euro (Guadeloupe, Martinique) | Haitian gourde | Jamaican dollar | Netherlands Antilles florin | Trinidad and Tobago dollar
South  Argentine peso | Bolivian boliviano | Brazilian real | Chilean peso | Colombian peso | Euro (French Guiana) | Falkland pound | Guyanese dollar | Paraguayan guaraní | Peruvian nuevo sol | Suriname dollar | US dollar (Ecuador) | Uruguayan peso | Venezuelan bolívar

  Results from FactBites:
 
Peruvian inti - Wikipedia, the free encyclopedia (243 words)
The inti was the currency of Peru between 1985 and 1991.
By 1990, the inti itself was so inflated that the nuevo sol ("new sol") was adopted on 1 July 1991, replacing the inti at an exchange rate of a million to one.
One inti millon was equal to 1,000,000 inti and hence to one new sol.
Peruvian nuevo sol - Wikipedia, the free encyclopedia (262 words)
The nuevo sol was introduced on 1 July 1991 to replace the highly inflated inti at a rate of 1 new sol = 1,000,000 intis.
The name is a return to that of Peru's historic currency, the sol in use from the 19th century to 1985.
However, it is also considered appropriate as it could be derived from historical use and divination of the sun (sol in Spanish) as a symbol of power and as a way of connecting the new currency to the old inti, which was named after Inti, the Sun God of the Incas.
  More results at FactBites »


 

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