Peruvian New Sol

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Peruvian New Sol

The currency of Peru. It was introduced in 1991, replacing the inti, which had replaced the first sol in 1985. It was issued to stem hyperinflation, which had plagued Peru in the late 1980s. Its inflation rate has historically been very low and it developed a reputation as a reliable South American currency.
References in periodicals archive ?
The next day Peruvian stocks were down by 2 percent and the Peruvian Nuevo sol was nearly halved, at 2.
The students then published "Stories Against the Silence: AIDS in the Latin Community," a 48-page special edition of El Nuevo Sol, CSUN's campus Spanish-language newspaper.