Peruvian sol

Peruvian sol
Sol Peruano (Spanish)
	series 2021
ISO 4217
Code	PEN (numeric: 604) ; before: PEH, PEI, PES
Subunit	0.01
Unit
Plural	soles
Symbol	S/‎
Denominations
Subunit
1⁄100	céntimo
Plural
céntimo	céntimos
Banknotes
Freq. used	S/10, S/20, S/50, S/100
Rarely used	S/200
Coins
Freq. used	10, 20, 50 céntimos, ; S/1, S/2, S/5
Demographics
Date of introduction	July 1, 1991
Replaced	Peruvian inti
User(s)	Peru
Issuance
Central bank	Central Reserve Bank of Peru
Website	www.bcrp.gob.pe
Printer	Perum Peruri
Website	www.peruri.co.id
Mint	National Mint (Casa Nacional de Moneda)
Valuation
Inflation	1.9%
Source	January 2014

The sol (Spanish pronunciation: [sol]; plural: soles; currency sign: S/)^[3] 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 (lit. 'solid'), 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"), until November 13, 2015, when Peru's Congress voted to rename the currency simply sol.^[4]^[5]

History

Currencies in use before the current Peruvian sol include:

The Spanish colonial real from the 16th to 19th centuries, with 8 reales equal to 1 peso.
The Peruvian real from 1822 to 1863. Initially worth 1⁄8 peso, reales worth 1⁄10 peso were introduced in 1858 in their transition to a decimal currency system.
The sol or sol de oro from 1863 to 1985, at 1 sol = 10 reales.
The inti from 1985 to 1991, at 1 inti = 1,000 soles de oro.

Due to 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.^[6] 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, or one inti millón.^[7] All inti coins and banknotes with a face value below 10,000 intis were demonetized. Coins denominated in the new unit were introduced on October 1, 1991, and the first banknotes on November 13, 1991. The remaining banknotes denominated in intis ceased to be legal tender after 1992. Since that time,^[when?] the sol has retained an inflation rate of 1.5%, the lowest ever in either South America or Latin America as a whole.^[8]^{[failed verification]} Since the new currency was put into effect, it has managed to maintain an exchange rate^[9] between S/2.2 and S/4.13 per US dollar.

Coins

Coins were introduced in 1991 in denominations of 1, 5, 10, 20, and 50 céntimos and S/1.^[7] Coins for S/2 and S/5 were added in 1994. The one- and five-céntimo coins fell out of use and the one-céntimo was removed from circulation on May 1, 2011, followed by the five-céntimos on January 1, 2019.^[10] (For cash transactions retailers must round down to the nearest ten céntimos or up to the nearest five. Electronic transactions continue to be processed at the exact amount.)

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 S/2 and S/5 coins are the hummingbird and condor figures from the Nazca Lines.^[11]

Value	Diameter (mm)	Thickness (mm)	Mass (g)	Composition	Edge
10 céntimos	20.5	1.26	3.50	Brass	Smooth
20 céntimos	23	1.26	4.40	Brass	Smooth
50 céntimos	22	1.65	5.45	Cu–Zn–Ni	Reeded
S/1	25.5	1.65	7.32	Cu–Zn–Ni	Reeded
S/2	22.2	2.07	5.62	Bimetallic Outside ring: Steel Centre: Cu–Zn–Ni	Smooth
S/5	24.3	2.13	6.67	Bimetallic Outside ring: Steel Centre: Cu–Zn–Ni	Reeded (since 2009)

Banknotes

Banknotes for S/10, S/20, S/50, and S/100 were introduced in 1991.^[7] The banknote for S/200 was introduced in August 1995.^[12] All notes are of the same size (140 x 65 mm) and contain the portrait of a well-known historic Peruvian on the obverse.^[13]

A new series of banknotes was issued starting in 2021, beginning with the S/10 and S/100 notes in July 2021^[14]^[15] and followed by the S/20 and S/50 notes in July 2022.^[16] A S/200 note was released in December 2023.^[17]

During the currency's 30 year past, several series of banknotes were introduced:

The first one being the first Nuevos Sol series first introduced in November 1991 with the 10 and 20 Nuevos Soles banknotes^[18] in parallel with coins while higher denonimation banknotes were introduced gradually (50 Nuevos Soles on 22 April 1992,^[19] 100 Nuevos Soles on 22 July 1992^[20] and finally 200 Nuevos Soles on 29 August 1997^[21]):

First Nuevos Sol Series(1991–2006)
Images		Value	Printed by	Year(date)	Changes
Obverse	Reverse	Value	Printed by	Year(date)	Changes
José Abelardo Quiñones Gonzáles	Image of an inverted flight featured by Quiñones	10 Nuevos Soles	De La Rue	1 February 1991	First banknote introduced on 13 November 1991.
			Istituto Poligrafico e Zecca dello Stato	10 September 1992	No changes.
			De La Rue	16 June 1994
			Giesecke+Devrient	20 April 1995
			Istituto Poligrafico e Zecca dello Stato	25 April 1996
			American Banknote Corporation	11 June 1997	Color changing circles sprinkled all over the note to prevent counterfeiting.
				6 August 1998
				20 May 1999
			Oberthur Fiduciaire	1 March 2001	Color changing denonimation on the right side.
			De La Rue	27 September 2001	Color changing denonimation on the right side.
			Oberthur Fiduciaire	11 August 2005	Slightly improved color changing denonimation on the right side.
			Oberthur Fiduciaire	21 December 2006
San Marcos University, Raül Porras Barrenechea	Palacio de Torre Tagle	20 Nuevos Soles	De La Rue	1 February 1991	First banknote introduced on 13 November 1991.
			Istituto Poligrafico e Zecca dello Stato	25 June 1992	No changes.
			De La Rue	16 June 1994
			Giesecke+Devrient	20 April 1995
			Istituto Poligrafico e Zecca dello Stato	25 April 1996
			Istituto Poligrafico e Zecca dello Stato	11 June 1997	Color changing circles sprinkled all over the note to prevent counterfeiting.
			British American Bank Note	6 August 1998	Color changing denonimation on the right side.
			Fabrica Nacional de Moneda y Timbre	20 May 1999
			British American Bank Note	12 October 2000
			Oberthur Fiduciaire	27 September 2001	Slightly improved color changing denonimation on the right.
				28 October 2004
				21 December 2006
Abraham Valdelomar Pinto	Huacachina lagoon	50 Nuevos Soles	Istituto Poligrafico e Zecca dello Stato	1 February 1991	Introduced on 22 April 1992
				25 June 1992	Introduced on 22 April 1992
				16 June 1994	Color changing denonimation on the right side.
				20 April 1995	Color changing denonimation on the right side.
				11 June 1997	Color changing circles sprinkled all over the note to prevent counterfeiting.
			British American Bank Note	6 August 1998
			De La Rue	20 May 1999
			Royal Joh. Enschedé	27 September 2001	No changes.
			Bundesdruckerei	11 August 2005	Slightly improved color changing denonimation on the right. New segmented security foil on the middle.
			Oberthur Fiduciaire	21 December 2006
Jorge Bassadre	National Library	100 Nuevos Soles	Istituto Poligrafico e Zecca dello Stato	1 February 1991	Introduced on 22 July 1992. Color changing circles sprinkled all over the note to prevent counterfeiting.
				25 June 1992
				10 September 1992	Name under portrait edited to "Jorge Basadre Grohmann"
				20 April 1995	Color changing denonimation on the right side. The color of the 100 on the left changed to pink.
			British American Bank Note	20 May 1999
			Giesecke+Devrient	27 September 2001	No changes.
			Giesecke+Devrient	28 October 2004	Slightly improved color changing denonimation on the right. New segmented security foil on the middle.
			Oberthur Fiduciaire	21 December 2006
Isabel Flores de Oliva, Saint Rose of Lima	Basilica and Convent of Santo Domingo	200 Nuevos Soles	Istituto Poligrafico e Zecca dello Stato	20 April 1995	Introduced on 29 August 1997. Color changing circles sprinkled all over the note to prevent counterfeiting, color changing denonimation on the right.

The printers of the banknotes were written on the reverse of the banknotes on the left down corner. These would be eventually removed from the next series.

From the late 2000s a new series of redesigned notes was introduced. The portraits of the banknotes were kept from the previous series but the reverses were changed by adding diverse buildings. These banknotes included even more improved security features compared to its predecessor. Throughout the circulation of the series, the name of the currency was also changed from Nuevos Sol to just Sol. The printers of the banknotes were no longer mentioned.

Second Series of the Nuevos Sol/Sol(2009–2018)
Images		Value	Printed by	Year	Changes
Obverse	Reverse	Value	Printed by	Year	Changes
José Abelardo Quiñones Gonzáles	Machu Picchu	10 Nuevos Soles	Oberthur Fiduciaire^[22]	13 August 2009	New, detailed security thread.
		10 Nuevos Soles	Crane Currency^[23]	17 January 2013	New, detailed security thread.
		10 Soles	Oberthur Fiduciaire^[24]	10 March 2016	Currency renamed from Nuevos Sol to Sol.
		10 Soles	Oberthur Fiduciaire^[24]	5 July 2018	Currency renamed from Nuevos Sol to Sol.
San Marcos University, Raül Porras Barrenechea	Wall of the Citadel of Chan-Chan in Trujillo	20 Nuevos Soles	De La Rue^[25]	13 August 2009	New, detailed security thread.
		20 Nuevos Soles	De La Rue^[25]	17 January 2013	New, detailed security thread.
		20 Soles	(Not mentioned)	10 March 2016	Currency renamed from Nuevos Sol to Sol.
		20 Soles	(Not mentioned)	5 July 2018	Currency renamed from Nuevos Sol to Sol.
Abraham Valdelomar Pinto	"El Castillo", Chavín de Huántar	50 Nuevos Soles	De La Rue	13 August 2009	New, detailed security thread.
		50 Nuevos Soles	Korea Minting and Security Printing Corporation^[26]	22 March 2012	New, detailed security thread.
		50 Soles	(Not mentioned)	5 July 2018	Currency renamed from Nuevos Sol to Sol.
Jorge Basadre Grohmann	Gran Pajatén	100 Nuevos Soles	De La Rue	13 August 2009	New, detailed security thread. New hologram thread and better color changing denonimation the centre.
		100 Nuevos Soles	Oberthur Fiduciaire^[27]	22 March 2012
		100 Soles	Crane Currency^[28]	19 February 2015	Currency renamed from Nuevos Sol to Sol.
Isabel Flores de Oliva, Saint Rose of Lima	Sacred City of Caral-Supe	200 Nuevos Soles	Giesecke+Devrient^[29]	13 August 2009	New, detailed security thread and new hologram thread.
Isabel Flores de Oliva, Saint Rose of Lima	Sacred City of Caral-Supe	200 Nuevos Soles	Oberthur Fiduciaire^[30]	22 March 2012	Better color changing denonimation(SPARK).

From 2019, a total redesign of the banknotes with totally different portraits was issued from 2021 replacing older banknotes. Some of the notes were printed in 2019 but they were initially released after 2–3 years after printing from time to time starting from the smallest and ending in the highest denonimation.

Third Series of the Sol(2021-)
Images		Value	Printed by	Year(date)	Changes
Obverse	Reverse	Value	Printed by	Year(date)	Changes
María Isabel Granda y Larco	Vicuña, Ismene amancaes	10 Soles	Perum Peruri^[31]^[32]^[33]	21 March 2019	New hologram thread and color changing features on the right.
María Isabel Granda y Larco	Vicuña, Ismene amancaes	10 Soles		15 December 2022
José María Arguedas Altamirano	Andean Condor, Cantuta	20 Soles		21 March 2019
José María Arguedas Altamirano	Andean Condor, Cantuta	20 Soles		15 December 2022
María Rostworowski	Jaguar, Puya raimondii	50 Soles		21 March 2019
María Rostworowski	Jaguar, Puya raimondii	50 Soles		16 December 2021
Pedro Paulet	Marvelous spatuletail, Phragmipedium kovachii	100 Soles	De La Rue^[34]	21 March 2019
Pedro Paulet	Marvelous spatuletail, Phragmipedium kovachii	100 Soles	De La Rue^[34]	16 December 2021
Tilsa Tsuchiya	Andean cock-of-the-rock, Flor Bella Abanquina	200 Soles	Polish Security Printing Works^[35]	16 December 2021
Tilsa Tsuchiya	Andean cock-of-the-rock, Flor Bella Abanquina	200 Soles	Polish Security Printing Works^[35]	3 October 2024

Current PEN exchange rates
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From XE.com:	AUD CAD CHF CNY EUR GBP HKD JPY USD BRL EUR JPY
From OANDA:	AUD CAD CHF CNY EUR GBP HKD JPY USD BRL EUR JPY

References

^ "Peruri Cetak Uang Peru, Dibayar Rp255 Miliar". CNN Indonesia (in Indonesian). Retrieved 23 March 2022.
^ "6 Percent GDP Growth And The Lowest Inflation Rate In Latin America: Peru In 2014". International Business Times. January 14, 2014. Retrieved January 28, 2014.
^ "La moneda peruana tiene un nuevo símbolo: desde ayer es S/ no S/. según BCR". La Republica. January 6, 2016. Retrieved January 11, 2016.
^ "Moneda peruana cambiará de nombre de "nuevo sol" a "sol"". El Comercio de Perú. November 13, 2015. Retrieved November 23, 2015.
^ "Desde ayer la moneda peruana se llama "Sol"". El Comercio de Perú. December 16, 2015. Retrieved December 20, 2015.
^ San José State University Department of Economics, The economic history and the economy of Peru. Retrieved on July 11, 2007.
^ ^a ^b ^c (in Spanish) Law No. 25.295, Unidad Monetaria Nuevo Sol, January 3, 1991
^ (in Spanish) Banco Central de Reserva del Perú, Inflation Report, May 2007, Central Reserve Bank of Peru Archived 2007-06-09 at the Wayback Machine. Retrieved on July 11, 2007
^ "Peru's nuevo sol is the most stable currency in region". Peru This Week. July 2, 2012. Archived from the original on December 2, 2016. Retrieved January 28, 2014.
^ "MONEDAS DE 5 CÉNTIMOS DEJARÁN DE CIRCULAR DESDE EL 1 DE ENERO DE 2019" (PDF). Central Reserve Bank of Peru (in Spanish). October 31, 2018. Retrieved October 31, 2018.
^ (in Spanish) Banco Central de Reserva del Perú, Cono Monetario. Retrieved on July 14, 2007.
^ (in Spanish) Circular letter N°028-97-EF/90, August 26, 1997, Central Reserve Bank of Peru
^ (in Spanish) Banco Central de Reserva del Perú, Familia de Billetes. Retrieved on July 14, 2007.
^ "Nuevo billete de S/ 10". BBCRP. Retrieved 27 July 2022.
^ "Nuevo billete de S/ 100". BBCRP. Retrieved 27 July 2022.
^ "ShieldSquare Captcha" (PDF). BBCRP. Retrieved 27 July 2022.
^ "BCR pone en circulación billete de S/200 con nuevo diseño". RPP (in Spanish). 2023-12-15. Retrieved 2023-12-15.
^ "CARTA CIRCULAR No. 042/91-EF/90" (PDF).
^ "CARTA CIRCULAR N° 012-92-EF/90" (PDF).
^ "CARTA CIRCULAR No. 020-92-EF/90" (PDF).
^ "Circulares Año 97 - Circular N° 028-97-EF/90" (PDF).
^ "10 Nuevos Soles, Peru". en.numista.com. Retrieved 2026-01-26.
^ "10 Nuevos Soles, Peru". en.numista.com. Retrieved 2026-01-26.
^ "10 Soles, Peru". en.numista.com. Retrieved 2025-12-30.
^ "20 Nuevos Soles, Peru". en.numista.com. Retrieved 2025-12-30.
^ "50 Nuevos Soles, Peru". en.numista.com. Retrieved 2026-01-26.
^ "100 Nuevos Soles, Peru". en.numista.com. Retrieved 2026-01-26.
^ "100 Soles, Peru". en.numista.com. Retrieved 2026-01-26.
^ "200 Nuevos Soles, Peru". en.numista.com. Retrieved 2026-01-26.
^ "200 Nuevos Soles, Peru". en.numista.com. Retrieved 2026-01-26.
^ "50 Soles, Peru". en.numista.com. Retrieved 2025-12-30.
^ "20 Soles, Peru". en.numista.com. Retrieved 2025-12-30.
^ "10 Soles, Peru". en.numista.com. Retrieved 2025-12-30.
^ "100 Soles, Peru". en.numista.com. Retrieved 2025-12-30.
^ "200 Soles, Peru". en.numista.com. Retrieved 2025-12-30.

Bruce, Colin R. II (senior editor) (2006). 2007 Standard Catalog of World Coins: 1901–2000 (34th ed.). Krause Publications. pp. 1463–1465. ISBN 0896893650. {{cite book}}: |author1= has generic name (help)
Cuhaj, George S., ed. (2005). Standard Catalog of World Paper Money: Modern Issues 1961-Date (11th ed.). Krause Publications. pp. 659–661. ISBN 0-89689-160-7.

External links

Banknotes and Coins from the Central Bank of Peru
Historical banknotes of Peru (in English and German)
Currency in Peru Archived 2024-12-06 at the Wayback Machine (in English and Spanish)

[1] "Peruri Cetak Uang Peru, Dibayar Rp255 Miliar". CNN Indonesia (in Indonesian). Retrieved 23 March 2022.

[Peru_Inflation-2] "6 Percent GDP Growth And The Lowest Inflation Rate In Latin America: Peru In 2014". International Business Times. January 14, 2014. Retrieved January 28, 2014.

[3] "La moneda peruana tiene un nuevo símbolo: desde ayer es S/ no S/. según BCR". La Republica. January 6, 2016. Retrieved January 11, 2016.

[Renaming-4] "Moneda peruana cambiará de nombre de "nuevo sol" a "sol"". El Comercio de Perú. November 13, 2015. Retrieved November 23, 2015.

[5] "Desde ayer la moneda peruana se llama "Sol"". El Comercio de Perú. December 16, 2015. Retrieved December 20, 2015.

[6] San José State University Department of Economics, The economic history and the economy of Peru. Retrieved on July 11, 2007.

[lawNuevoSol-7] (in Spanish) Law No. 25.295, Unidad Monetaria Nuevo Sol, January 3, 1991

[8] (in Spanish) Banco Central de Reserva del Perú, Inflation Report, May 2007, Central Reserve Bank of Peru Archived 2007-06-09 at the Wayback Machine. Retrieved on July 11, 2007

[Stable_rate-9] "Peru's nuevo sol is the most stable currency in region". Peru This Week. July 2, 2012. Archived from the original on December 2, 2016. Retrieved January 28, 2014.

[10] "MONEDAS DE 5 CÉNTIMOS DEJARÁN DE CIRCULAR DESDE EL 1 DE ENERO DE 2019" (PDF). Central Reserve Bank of Peru (in Spanish). October 31, 2018. Retrieved October 31, 2018.

[11] (in Spanish) Banco Central de Reserva del Perú, Cono Monetario. Retrieved on July 14, 2007.

[12] (in Spanish) Circular letter N°028-97-EF/90, August 26, 1997, Central Reserve Bank of Peru

[13] (in Spanish) Banco Central de Reserva del Perú, Familia de Billetes. Retrieved on July 14, 2007.

[14] "Nuevo billete de S/ 10". BBCRP. Retrieved 27 July 2022.

[15] "Nuevo billete de S/ 100". BBCRP. Retrieved 27 July 2022.

[16] "ShieldSquare Captcha" (PDF). BBCRP. Retrieved 27 July 2022.

[17] "BCR pone en circulación billete de S/200 con nuevo diseño". RPP (in Spanish). 2023-12-15. Retrieved 2023-12-15.

[18] "CARTA CIRCULAR No. 042/91-EF/90" (PDF).

[19] "CARTA CIRCULAR N° 012-92-EF/90" (PDF).

[20] "CARTA CIRCULAR No. 020-92-EF/90" (PDF).

[21] "Circulares Año 97 - Circular N° 028-97-EF/90" (PDF).

[22] "10 Nuevos Soles, Peru". en.numista.com. Retrieved 2026-01-26.

[23] "10 Nuevos Soles, Peru". en.numista.com. Retrieved 2026-01-26.

[24] "10 Soles, Peru". en.numista.com. Retrieved 2025-12-30.

[25] "20 Nuevos Soles, Peru". en.numista.com. Retrieved 2025-12-30.

[26] "50 Nuevos Soles, Peru". en.numista.com. Retrieved 2026-01-26.

[27] "100 Nuevos Soles, Peru". en.numista.com. Retrieved 2026-01-26.

[28] "100 Soles, Peru". en.numista.com. Retrieved 2026-01-26.

[29] "200 Nuevos Soles, Peru". en.numista.com. Retrieved 2026-01-26.

[30] "200 Nuevos Soles, Peru". en.numista.com. Retrieved 2026-01-26.

[31] "50 Soles, Peru". en.numista.com. Retrieved 2025-12-30.

[32] "20 Soles, Peru". en.numista.com. Retrieved 2025-12-30.

[33] "10 Soles, Peru". en.numista.com. Retrieved 2025-12-30.

[34] "100 Soles, Peru". en.numista.com. Retrieved 2025-12-30.

[35] "200 Soles, Peru". en.numista.com. Retrieved 2025-12-30.

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v t e Currencies of the Americas
North	Bermudian dollar Canadian dollar Danish krone Euro Mexican peso U.S. dollar
Caribbean	Aruban florin Bahamian dollar Barbadian dollar Caribbean guilder Cayman Islands dollar Cuban peso Dominican peso East Caribbean dollar Euro Haitian gourde Jamaican dollar Trinidad and Tobago dollar U.S. dollar
Central	Belize dollar Costa Rican colón Guatemalan quetzal Honduran lempira Nicaraguan córdoba Panamanian balboa U.S. dollar Salvadoran colón(non-circulating)
South	Argentine peso Bolivian boliviano Brazilian real Chilean peso Colombian peso Euro Ecuadorian centavo coins Falkland Islands pound Guyanese dollar Paraguayan guaraní Peruvian sol Sterling Surinamese dollar Uruguayan peso U.S. dollar Venezuelan bolívar

v t e Currency units named shilling or similar
Circulating	Israeli shekel Kenyan shilling Peruvian sol Somali shilling Somaliland shilling Tanzanian shilling Ugandan shilling
Obsolete and historical	Argentine sol Australian shilling Austrian schilling Bavarian schilling Biafran shilling Bolivian sol British shilling Cypriot shilling East African shilling English shilling Fijian shilling Flemish schelling French sou French colonial sou Guadeloupe sou Haitian sou New France sou Saint Lucia sou Gambian shilling Ghanaian shilling Hamburg and Lübeck schilling Irish scilling Israeli old shekel Italian soldo Japanese government-issued Oceanian shilling Jersey sou Lombardo-Venetian soldo Luccan soldo Luxembourg sou Malawian shilling Massachusetts pine tree shilling Mecklenburg schilling New Zealand shilling Nigerian shilling Papal soldo Parman soldo Peruvian sol de oro Polish szeląg Portuguese soldo Rhodesian shilling Rhodesia and Nyasaland shilling Roman solidus Sardinian soldo Scandinavian skilling Schleswig-Holstein schilling courant Scots shilling Shekel Southern Rhodesian shilling South African sjieling Spanish sueldo Ticinese soldo Tuscan soldo Ukrainian shah Venetian soldo Wörgl schilling Württemberg schilling Zambian shilling
As a denomination	Canadian sou Egyptian shelen Vietnamese xu
Proposed	East African shilling
See also	Shilling mark (/=) Roman currency Carolingian monetary system £sd