Peruvian nuevo sol
3866975
225233484
2008-07-12T16:33:23Z
Victor12
256701
Reverted 2 edits by [[Special:Contributions/190.81.73.39|190.81.73.39]]; 20 centimo coins are common. using [[WP:TWINKLE|TW]]
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{{Redirect|Sol (currency)|the 13th–18th century French coin|Solidus (coin)}}
{{Infobox Currency
| currency_name_in_local = nuevo sol peruano <small>{{es icon}}</small>
| image_1 = Coin Peru 1 Nuevo Sol.jpg|50px|thumb
| image_title_1 = 1 nuevo sol (Reverse)
| image_2 = Coin Peru 1 Nuevo Sol (Back).jpg|50px|thumb
| image_title_2 = 1 nuevo sol (Obverse)
| iso_code = PEN
| using_countries = [[Peru]]
| inflation_rate = 1.5%
| inflation_source_date = [http://www.bcrp.gob.pe/bcr/dmdocuments/PolMon/Archivos/RI_2007_02.pdf Inflation Report, May 2007, Central Reserve Bank of Peru]
| subunit_ratio_1 = 1/100
| subunit_name_1 = [[céntimo]]
| symbol = S/.
| plural = nuevos soles
| plural_subunit_1 = céntimos
| frequently_used_coins = 10, 20, 50 céntimos, 1, 2, 5 nuevos soles
| rarely_used_coins = 1, 5 céntimos
| used_banknotes = 10, 20, 50, 100, 200 nuevos soles
| issuing_authority = [[Central Reserve Bank of Peru]]
| issuing_authority_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 ''[[céntimo]]s''. The [[ISO 4217]] currency code is '''PEN'''.
The name is a return to that of Peru's historic currency, the [[Peruvian sol|sol]] in use from the 19th century to 1985. Although the derivation of sol is from the Latin [[solidus (coin)|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 [[Inca]]s.
==History==
Because of the bad state of economics in the 1980s and [[hyperinflation]] in the late 1980s the government was forced to abandon the ''[[Peruvian inti|inti]]'' and introduce the nuevo sol as the country's new currency.<ref>San José State University
Department of Economics, [http://www.sjsu.edu/faculty/watkins/peru.htm#GARCIA The economic history and the economy of Peru]. Retrieved on [[July 11]], [[2007]].</ref> 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.<ref name="lawNuevoSol">{{es icon}} Law N° 25295, Unidad Monetaria Nuevo Sol, January 3, 1991</ref> Coins denominated in the new unit were introduced on [[October 1]], [[1991]] and the first banknotes on [[November 13]], [[1991]].
Hitherto the nuevo sol currently retains a low inflation rate of 1.5%.<ref>{{es icon}} Banco Central de Reserva del Perú, [http://www.bcrp.gob.pe/bcr/dmdocuments/PolMon/Archivos/RI_2007_02.pdf Inflation Report, May 2007, Central Reserve Bank of Peru]. Retrieved on [[July 11]], [[2007]]</ref> Since the new currency was put into effect, it had managed to maintain a stable exchange rate between 3.3 and 3.00 nuevo soles per [[United States dollar]].
Out of all the currencies of the Latin-American region, the Peruvian nuevo sol has been the most stable and reliable currency plus being also the least affected currency by the weak dollar global tendency. During the late months of 2007 and the first months of 2008, the rate fell down just a bit to 2.69 nuevos soles per USD a rate not seen since 1997. As of June, 2008 the nuevo sol went up again and is trading at 2.94 nuevos soles per USD.
==Coins==
The current coins were introduced in 1991 in denominations of 1, 5, 10, 20, and 50 céntimos and 1 nuevo sol.<ref name="lawNuevoSol"/> 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.<ref>{{es icon}} Circular letter N°021–2005-BCRP, December 7, 2005, Central Reserve Bank of Peru</ref>, and a 5 céntimos coin in 2007 <ref> World coin news Wednesday, August 29, 2007 http://worldcoinnews.blogspot.com/2007/08/peru-5-centimos-2007-aluminium.html#comments </ref>. 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 frigate bird figures.<ref>{{es icon}} Banco Central de Reserva del Perú, [http://www.bcrp.gob.pe/bcr/Billetes-y-Monedas/Cono-Monetario-2.html Cono Monetario]. Retrieved on [[July 14]], [[2007]].</ref>
{|class="wikitable" style="font-size: 90%"
|-
! Image
! Value
! Diameter
! Thickness
! Mass
! Composition
! Edge
|-
| align="center" | [[Image:Coin Peru 1 Centimo (Brass).jpg|middle|30px]]
| 1 céntimo
| 16 mm
| 1.05 mm
| style="text-align:right;" | 1.78 [[gram|g]]
| Brass
| Smooth
|-
| align="center" | [[Image:Coin Peru 1 Centimo (Alu).jpg|middle|30px]]
| 1 céntimo
| 16 mm
| 1.50 mm
| style="text-align:right;" | 0.82 [[gram|g]]
| Aluminium
| Smooth
|-
| align="center" | [[Image:Coin Peru 5 Centimos (Brass).jpg|middle|36px]]
| 5 céntimos
| 18 mm
| 1.26 mm
| style="text-align:right;" | 2.70 [[gram|g]]
| Brass
| Smooth
|-
|
| 5 céntimos
| 18 mm
| 1.50 mm
| style="text-align:right;" | 1.02 [[gram|g]]
| Aluminium
| Smooth
|-
| align="center" | [[Image:Coin Peru 10 Centimos.jpg|middle|40px]]
| 10 céntimos
| 20.5 mm
| 1.26 mm
| style="text-align:right;" | 3.50 [[gram|g]]
| Brass
| Smooth
|-
| align="center" | [[Image:Coin Peru 20 Centimos.jpg|middle|45px]]
| 20 céntimos
| 23 mm
| 1.26 mm
| style="text-align:right;" | 4.40 [[gram|g]]
| Brass
| Smooth
|-
| align="center" | [[Image:Coin Peru 50 Centimos.jpg|middle|45px]]
| 50 céntimos
| 22 mm
| 1.65 mm
| style="text-align:right;" | 5.45 [[gram|g]]
| Cu–Zn–Ni
| Reeded
|-
| align="center" |[[Image:Coin Peru 1 Nuevo Sol.jpg|middle|50px]]
| 1 nuevo sol
| 25.5 mm
| 1.65 mm
| style="text-align:right;" | 7.32 [[gram|g]]
| Cu–Zn–Ni
| Reeded
|-
| align="center" |[[Image:Coin Peru 2 Nuevos Soles.jpg|middle|45px]]
| 2 nuevos soles
| 22.2 mm
| 2.07 mm
| style="text-align:right;" | 5.62 [[gram|g]]
| Bi-metallic</br> Outside ring: Steel</br> Centre: Cu–Zn–Ni
| Smooth
|-
| [[Image:5 soles.jpg|50px]]
| 5 nuevos soles
| 24.3 mm
| 2.13 mm
| style="text-align:right;" | 6.67 [[gram|g]]
| Bi-metallic</br> Outside ring: Steel</br> Centre: Cu–Zn–Ni
| Smooth
|}
<gallery>
<!-- Deleted image removed: Image:Peruvian nuevo sol coins reverse.jpg|Current coins - Obverse -->
Image:Soles peruanos (monedas).JPG|Used 1, 2, and 5 nuevo sol coins
</gallery>
==Banknotes==
In 1991, banknotes for 10, 20, 50 and 100 nuevos soles were introduced.<ref name="lawNuevoSol"/> The banknote for 200 nuevos soles was subsequently introduced in August 1995.<ref>{{es icon}} Circular letter N°028-97-EF/90, August 26 1997, Central Reserve Bank of Peru</ref>
All notes are of the same size (140 x 65 mm) and contain the portrait of a well-known historic Peruvian on the obverse.<ref>{{es icon}} Banco Central de Reserva del Perú, [http://www.bcrp.gob.pe/bcr/Billetes-y-Monedas/Familia-de-Billetes.html Familia de Billetes]. Retrieved on [[July 14]], [[2007]].</ref>
{|class="wikitable" style="font-size: 90%"
|-
! Obverse
! Reverse
! Value (S/.)
! Dimensions
! Main colour
! Depicted person (obverse)
|-
|align="center" bgcolor="#000000"| [[Image:Banknote Peru 10 Nuevos Soles.jpg|98px]]
|align="center" bgcolor="#000000"| [[Image:Banknote Peru 10 Nuevos Soles (Reverse).jpg|98px]]
| 10
|rowspan="5"| 140 × 65 mm
| Green
| [[José Abelardo Quiñones Gonzáles]]
|-
|align="center" bgcolor="#000000"| [[Image:20soles.jpg|98px]]
|align="center" bgcolor="#000000"| [[Image:Banknote Peru 20 Nuevos Soles (Reverse).jpg|98px]]
| 20
| Orange
| [[Raúl Porras Barrenechea]]
|-
|align="center" bgcolor="#000000"| [[Image:Banknote Peru 50 Nuevos Soles.jpg|98px]]
|align="center" bgcolor="#000000"| [[Image:Banknote Peru 50 Nuevos Soles (Reverse).jpg|98px]]
| 50
| Brown
| [[Abraham Valdelomar|Abraham Valdelomar Pinto]]
|-
|align="center" bgcolor="#000000"| [[Image:100soles.jpg|98px]]
|align="center" bgcolor="#000000"| [[Image:Banknote Peru 100 Nuevos Soles (Reverse).jpg|98px]]
| 100
| Blue
| [[Jorge Basadre|Jorge Basadre Grohmann]]
|-
|align="center" bgcolor="#000000"| [[Image:Banknote Peru 200 Nuevos Soles.jpg|98px]]
|align="center" bgcolor="#000000"| [[Image:Banknote Peru 200 Nuevos Soles (Reverse).jpg|98px]]
| 200
| Pink
| [[Saint Rose of Lima]]
|}
{{Exchange Rate|PEN|CNY|BRL}}
==See also==
* [[Economy of Peru]]
* [[Peruvian inti]]
* [[Peruvian sol]]
==References==
{{reflist}}
{{refbegin}}
* {{Numis cite SCWC|date=2000.34|pages=1463–1465}}
* {{Numis cite SCWPM|date=2005|pages=659–661}}
{{refend}}
==External links==
{{Standard numismatics external links
| world_coin_gallery_1_url = Peru
| world_coin_gallery_1_name = Peru
| banknote_world_1_url = peru
| banknote_world_1_name = Peru
| dollarization_1_url =
| dollarization_1_name =
| gfd_1_url = Peru
| gfd_1_name = Peru
| show_gfd_excel = Y
}}
* [http://www.worldpapermoney.org/peru.htm Images of modern Peruvian banknotes]
* [http://www.theelectroniceconomist.com/countries/Peru/profile.cfm?folder=Profile%2DEconomic%20Data The Economist Peru Economic Profile]
{{Historical currencies of Peru}}
{{Currency signs}}
{{Currencies of the Americas}}
[[Category:History of Peru]]
[[Category:Currencies of Peru|Nuevo sol]]
[[ast:Nuevu sol]]
[[ca:Sol (moneda)]]
[[da:Nuevo sol]]
[[de:Nuevo Sol]]
[[el:Νέο Σολ Περού]]
[[es:Nuevo sol]]
[[fr:Nuevo sol]]
[[bpy:পেরুভিয়ান নুৱেভ সল]]
[[it:Nuevo Sol peruviano]]
[[la:Nuevo Sol]]
[[lt:Naujasis solis]]
[[hu:Perui új sol]]
[[nl:Sol (munteenheid)]]
[[ja:ヌエボ・ソル]]
[[pl:Sol (waluta)]]
[[pt:Sol novo]]
[[sv:Nuevo sol]]
[[tg:Нуево соли Перу]]
[[zh:秘鲁索尔]]