PEN

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PEN

The ISO 4217 currency code for the Peruvian Nuevo Sol.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Greg Ashton, who attended the school in the 1980s is now a successful playwright writing under the pen-name Lesley Ross and his adaptation of Little Tempest is being staged at The National Theatre from March 15 to 21.