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Peruvian nuevo sol
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Peruvian nuevo sol : ウィキペディア英語版
Peruvian nuevo sol

The Nuevo Sol ((:ˈnweβo ˈsol), (new sun) plural: ''Nuevos Soles''; currency sign: S/.) is the currency of Peru. It is subdivided into 100 cents, called ''céntimos'' in Spanish. The ISO 4217 currency code is PEN. It is most commonly referred to just as ''Sol''.
The name is a return to that of Peru's historic currency, as the Sol was in use from the 19th century to 1985. Although the derivation of ''Sol'' is the Latin solidus, the word also happens to mean ''sun'' in Spanish. There is a continuity therefore with the old Peruvian inti, which was named after Inti, the Sun God of the Incas.
On November 13, 2015, Peru's Congress voted to revert the name of the currency to simply “Sol”.
==History==
Because of the bad state of economy and hyperinflation in the late 1980s the government was forced to abandon the inti and introduce the nuevo sol as the country's new currency.〔San José State University Department of Economics, The economic history and the economy of Peru. Retrieved on July 11, 2007.〕 The currency was put into use on July 1, 1991 (by Law No. 25,295) to replace the inti at a rate of 1 nuevo sol to 1,000,000 intis.〔 Law N° 25.295, ''Unidad Monetaria Nuevo Sol'', January 3, 1991〕 Coins denominated in the new unit were introduced on October 1, 1991 and the first banknotes on November 13, 1991.
Hitherto the Nuevo Sol currently retains a low inflation rate of 1.5%, the lowest inflation rate ever in both Latin and South America.〔 Banco Central de Reserva del Perú, (Inflation Report, May 2007, Central Reserve Bank of Peru ). Retrieved on July 11, 2007〕 Since the new currency was put into effect, it has managed to maintain a stable exchange rate between 2.3 and 3.65 per United States dollar.

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