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 ?
Born in North Shields, poorly educated, adopted, growing up in the rough world of the Ridges Estate (now Meadowell) and the Shields Fish Quay, he never set pen to paper for 40 years.
However, building a concept on an employee's personal car--and one with 140,000 kilometers on the odometer to boot--is unusual, almost as unusual as having the supplier's director of Group Research and Development set pen to paper and draw the interior and exterior shapes.
Eleven years later, feeling like a caged animal in my MBA job, I set pen to paper.