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 ?
Jo says: How long have you had your pen-friend? Can you beat Eunice and Vadu's 67 years?
I get emails purporting to be from die-hard Newcastle supporters in Zimbabwe asking to be pen-friends, essentially.
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.
"We are actually planning to link up and correspond as pen-friends at her school."