The inti was the

currency A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general ...

Peru , image_flag = Flag of Peru.svg , image_coat = Escudo nacional del Perú.svg , other_symbol = Great Seal of the State , other_symbol_type = Seal (emblem), National seal , national_motto = "Fi ...

between 1985 and 1991. Its

ISO 4217 ISO 4217 is a standard published by the International Organization for Standardization (ISO) that defines alpha codes and numeric codes for the representation of currencies and provides information about the relationships between individual ...

code was ''PEI'' and its abbreviation was ''I/.'' The inti was divided into 100 céntimos. The inti replaced the inflation-stricken

sol Sol or SOL may refer to: Astronomy * The Sun Currency * SOL Project, a currency project in France * French sol, or sou * Argentine sol * Bolivian sol, the currency of Bolivia from 1827 to 1864 * Peruvian sol, introduced in 1991 * Peruvian sol ( ...

. The new currency was named after

Inti INTI International University & Colleges are private university colleges located in Malaysia. The main campus was initially known as INTI University College until 31 May 2010 when the Higher Education Ministry announced its upgrade to universi ...

, the

Inca The Inca Empire (also known as the Incan Empire and the Inka Empire), called ''Tawantinsuyu'' by its subjects, ( Quechua for the "Realm of the Four Parts", "four parts together" ) was the largest empire in pre-Columbian America. The admi ...

sun god A solar deity or sun deity is a deity who represents the Sun, or an aspect of it. Such deities are usually associated with power and strength. Solar deities and Sun worship can be found throughout most of recorded history in various forms. T ...

History

The inti was introduced on 1 February 1985, replacing the

which had suffered from high inflation. One inti was equivalent to 1,000 soles. Coins denominated in the new unit were put into circulation from May 1985 and banknotes followed in June of that year. By 1990, the inti had itself suffered from high inflation. As an interim measure, from January to July 1991, the "inti millón" (I/m.) was used as a unit of account. One inti millón was equal to 1,000,000 intis and hence to one new sol. 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 intis = 1,000,000,000 old soles. 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

Coins were introduced in 1985 in denominations of 1, 5, 10, 20, and 50 centimos (designs were taken from the previous 10, 50, 100, and 500 ''soles de oro'' coins), 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. All coins featured Navy Admiral

Miguel Grau Miguel María Grau Seminario (27 July 1834 – 8 October 1879) was the most renowned Peruvian naval officer and hero of the naval battle of Angamos during the War of the Pacific (1879–1884). He was known as ''el Caballero de los Mares'' (Spa ...

: cent coins on the reverse, Inti coins on the obverse.

Banknotes

In June 1985, notes were introduced in denominations of I/.10, I/.50 (taken from previous 10,000 and 50,000 ''soles de oro'' notes) and I/.100, followed by I/.500 in December of the same year. The next year, I/.1,000 notes were added, followed by I/.5,000 and I/.10,000 in 1988. 50,000 and I/.100,000 notes were added in 1989. I/.500,000 denominations were added early in 1990, I/.1,000,000 denominations were added in mid-1990, and I/.5,000,000 intis in August 1990. The obverses featured: *I/.10 - Ricardo Palma, writer *I/.50 - Nicolás de Piérola, President, finance minister *I/.100 -

Ramón Castilla Ramón Castilla y Marquesado (; 31 August 1797 – 30 May 1867) was a Peruvian '' caudillo'' who served as President of Peru three times as well as the Interim President of Peru (Revolution Self-proclaimed President) in 1863. His earliest ...

, President, Army Marshal *I/.500 -

Túpac Amaru II José Gabriel Condorcanqui ( – May 18, 1781)known as Túpac Amaru II was an indigenous Cacique who led a large Andean rebellion against the Spanish in Peru. He later became a mythical figure in the Peruvian struggle for independence and i ...

, revolutionary leader *I/.1,000 -

Andrés Avelino Cáceres Andrés Avelino Cáceres Dorregaray (November 10, 1836 – October 10, 1923) served as the President of Peru two times during the 19th century, from 1886 to 1890 as the 27th President of Peru, and again from 1894 to 1895 as the 30th Preside ...

, President, Army Marshal *I/.5,000 -

, Navy admiral *I/.10,000 - César Vallejo, writer *I/.50,000 - Víctor Raúl Haya de la Torre, politician *I/.100,000 - Francisco Bolognesi, Army colonel *I/.500,000 - Ricardo Palma, writer *I/.1,000,000 - Hipólito Unanue, medical doctor, nationalist *I/.5,000,000 - Antonio Raimondi, scientist

External links

Peru Banknotes: full detailed catalog
{{Portal bar, Money, Numismatics, Peru, South America Modern obsolete currencies

Economic history of Peru 1985 establishments in Peru 1991 disestablishments in Peru Currency symbols

History

Coins

Banknotes

See also

External links