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 = National seal , national_motto = "Firm and Happy f ...

between 1985 and 1991. Its ISO 4217 code was ''PEI'' and its abbreviation was ''I/.'' The inti was divided into 100 céntimos. The inti replaced the inflation-stricken 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 admin ...

sun god.

History

The inti was introduced on 1 February 1985, replacing the sol 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 The sol (; plural: soles; currency sign: S/) 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 ...

'' ("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: 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 Manuel Ricardo Palma Soriano (February 7, 1833 – October 6, 1919) was a Peruvian author, scholar, librarian and politician. His magnum opus is the ''Tradiciones peruanas''. Biography According to the official account, Manuel Ricardo Pa ...

, writer *I/.50 -

Nicolás de Piérola Jose Nicolás Baltasar Fernández de Piérola y Villena (known as "''El Califa''" ("The Caliph"); January 5, 1839 – June 23, 1913) was a Peruvian politician and Minister of Finance who served as the 23rd and 31st President of the Republic ...

, President, finance minister *I/.100 - Ramón Castilla, 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 ...

, revolutionary leader *I/.1,000 - Andrés Avelino Cáceres, President, Army Marshal *I/.5,000 - Miguel Grau, Navy admiral *I/.10,000 -

César Vallejo César Abraham Vallejo Mendoza (March 16, 1892 – April 15, 1938) was a Peruvian poet, writer, playwright, and journalist. Although he published only two books of poetry during his lifetime, he is considered one of the great poetic innovators ...

, writer *I/.50,000 -

Víctor Raúl Haya de la Torre Víctor Raúl Haya de la Torre (February 22, 1895 – August 2, 1979) was a Peruvian politician, philosopher, and author who founded the American Popular Revolutionary Alliance (APRA) political movement, the oldest currently existing political ...

, politician *I/.100,000 - Francisco Bolognesi, Army colonel *I/.500,000 - Ricardo Palma, writer *I/.1,000,000 -

Hipólito Unanue José Hipólito Unanue y Pavón (August 13, 1755–July 15, 1833) was a physician, naturalist, meteorologist, cosmographer, the first Minister of Finance of Peru, Minister of Foreign affairs, Protomédico (equivalent to Minister of health co ...

, medical doctor, nationalist *I/.5,000,000 -

Antonio Raimondi Antonio Raimondi (September 19, 1826 – October 26, 1890) was a prominent Italian-born Peruvian geographer and scientist. Born in Milan, Raimondi emigrated to Peru, arriving on July 28, 1850, at the port of Callao. In 1851 he became a profe ...

, 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