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.
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References in periodicals archive ?
The Post Office has also revealed its fastest-growing currencies, with sales of Peru's nuevo sol and the Costa Rican colon up 27% and 46% year-on-year respectively, boosted by new direct long-haul flights from the UK.
The strengthening of the nuevo sol will also benefit foreign drugmakers when they repatriate profits generated in Peru to their home countries.
The next day Peruvian stocks were down by 2 percent and the Peruvian Nuevo sol was nearly halved, at 2.8 sols to a dollar.