The soles is an official currency of Peru with currency code PEN and symbol S/. The money is subdivided into 100 céntimos. The Peruvian Nuevos Soles was introduced as the official currency in 1991 by replacing the Peruvian inti. At the time of its introduction, the money was formally called as Nuevo sol, but on 13th November 2015, the currency was renamed simply sol by the Peruvian Congress.
Due to hyperinflation and the lousy state of the economy, the Peruvian government was forced to ceased inti and introduced new official currency. On 1st July 1991, the new currency sole was put into use.
1st series of Peruvian Nuevos soles coin was introduced in 1991 in denominations of 1, 5, 10, 20 and 50 céntimos and one sole. The currency of 1 and 5 sole was added in 1994. The first series of banknotes was introduced in 1990 in denominations of 10, 20, 50 and 100 soles. The banknote of 200 soles was added in 1995.
The current series of Peruvian Nuevos soles banknotes and coins generally in circulation include:
Banknotes:
Frequently used 10, 20, 50, 100 soles.
Rarely used 200 soles.
Coins:
Frequently used 10, 20, 50 céntimos, 1, 2, 5 soles.
Rarely used 1, 5 céntimos (discontinued, still legal tender)