Peruvian inti

Peruvian inti
Obverse of 100 intis Reverse of 100 intis
ISO 4217 Code	PEI
User(s)	Peru
Subunit
1/100	céntimo
Symbol	I/.
Plural	intis
Coins	1, 5, 10, 20, 50 céntimos, 1, 5, 100, 200 intis
Banknotes	10, 50, 100, 500, 1000, 5000, 10 000, 50 000, 100 000, 500 000, 1 000 000, 5 000 000 intis
Central bank	Central Reserve Bank of Peru
Website	www.bcrp.gob.pe
This infobox shows the latest status before this currency was rendered obsolete.

The inti was the currency of Peru between 1985 and 1991. Its ISO 4217 code was PEI and its abbreviation in local use was "I/.". Although they soon became worthless, the inti was divided into 100 céntimos. The inti was named after Inti, the Inca sun god, to maintain the solar connection in the naming of Peru's currency (although, sol in the currency sense was actually ultimately derived from the Latin Solidus).

History

The inti was introduced on 1 February 1985, replacing the sol which had suffered from high inflation. One inti was equivalent to 1000 soles. Coins denominated in the new unit were put into circulation from May 1985 and banknotes followed in December of that year. By 1990, the inti had itself suffered from such high inflation that the nuevo sol ("new sol") was adopted on 1 July 1991, replacing the inti at an exchange rate of a million to one. Thus: 1 new sol = 1,000,000 inti = 1,000,000,000 old soles. As an interim measure, from January to July 1991, the "inti millon" was used as a unit of account. One inti millon was equal to 1,000,000 inti and hence to one new sol. Inti notes and coins are no longer legal tender in Peru, nor can they be exchanged for notes and coins denominated in the current nuevo sol.

Coins

200 intis silver proof, never in general use

Coins were introduced in 1985 in denominations of 1, 5, 10, 20, and 50 centimos, plus 1 and 5 intis. The 1 céntimo coin was issued only in 1985. The 5-céntimo coins were issued until 1986. All the other denominations were issued until 1988.

Banknotes

In 1985, notes were issued in denominations of 10, 50, 100 and 500 intis. The next year, 1,000 intis notes were added, followed by 5,000 and 10,000 in 1988, 50,000 and 100,000 in 1989, and 500,000, 1 and 5 million intis in 1990. The obverses featured:

500 intis with a portrait of Túpac Amaru II.

• 10 intis - Ricardo Palma, writer
• 50 intis - Nicolás de Piérola, President, finance minister
• 100 intis - Ramón Castilla, President, Army Marshal
• 500 intis - Túpac Amaru II, revolutionary leader
• 1,000 intis - Andrés Avelino Cáceres, President, Army Marshal
• 5,000 intis - Miguel Grau, Navy admiral
• 10,000 intis - César Vallejo, writer
• 50,000 intis - Victor Raúl Haya de la Torre, politician
• 100,000 intis - Francisco Bolognesi, Army colonel
• 500,000 intis - Ricardo Palma
• 1,000,000 intis - Hipólito Unanue, medical doctor, nationalist
• 5,000,000 intis - Antonio Raimondi, scientist (never in general use)

See also

• Economy of Peru

External links

• Don's World Coin Gallery - Peru
• Ron Wise's World Paper Money - Peru ^{Mirror site}
• The Global History of Currencies - Peru
• Global Financial Data currency histories table ( Microsoft Excel format)

•  • e Historical currencies of Peru
Main line Real         –1863 Sol 1863–1985 Inti 1985–1991 Nuevo sol 1991–present Non main line Peseta 1880–1882 Inca 1881–1882 Libra 1898–1931