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Peruvian inti
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Peruvian inti

Peruvian inti
inti peruano (Spanish)
5.000.000 Intis note(1990), highest denonimation note of the Inti
ISO 4217
CodePEI
Unit
Pluralintis
SymbolI/.
Denominations
Superunit
 1,000,000inti millón (I/m.)
Subunit
1100céntimo
BanknotesI/.10, I/.50, I/.100, I/.500, I/.1,000, I/.5,000, I/.10,000, I/.50,000, I/.100,000, I/.500,000, I/.1,000,000, I/.5,000,000
Coins1, 5, 10, 20, 50 céntimos, I/.1, I/.5
Demographics
Date of introduction1 February 1985
ReplacedPeruvian sol
Date of withdrawal1991
Replaced byPeruvian nuevo sol
User(s) Peru
Issuance
Central bankCentral Reserve Bank of Peru
 Websitewww.bcrp.gob.pe
Valuation
Inflation>12,000%
Value1000000 PEI = 1 PEN
This infobox shows the latest status before this currency was rendered obsolete.
10 centimos coin 1985
500 intis with a portrait of Túpac Amaru II.

The inti was the currency of Peru 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, the Inca sun god.

History

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The inti was introduced on 1 February 1985, replacing the sol de oro which had suffered from high inflation. One inti was equivalent to 1,000 soles de oro. 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 soles de oro.

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.

Inti million(I./.m.)

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The Inti million was a currency unit adopted on 1 January 1991, by the Supreme Decree n.º 326-90-EF[1] accepted on 16 December 1990. This unit was in force until 1 July 1991. Both prices and accounting records were expressed in millions of Intis with all the zeros removed.[2]

For example: I/. 12,453,734 = I/.m. 12,45

Coins

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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

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See also

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References

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