PEN

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PEN

The ISO 4217 currency code for the Peruvian Nuevo Sol.

PEN

ISO 4217 code for the Peruvian new sol. 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 ?
GOVERNOR of the Bank of England Mervyn King has to write to Chancellor Alistair Darling every time he misses his inflation target by more than 1% - and it looks like the two men are going to be pen-friends for some time to come.
They have been pen-friends on opposite sides of the world for the past 15 years and now Joan Rees and Lyn Fowler have finally met up.
Students who wish to find international pen-friends, or discuss their subject with pupils from other schools, can do so in safety through SchoolMaster, because the system is password-based.
She is currently running an International Club where pupils study other cultures and traditions, each pupil has also been given pen-friends in Pakistan and Turkey.