Peruvian inti
| inti peruano (Spanish) | |
|---|---|
.jpg) 5.000.000 Intis note(1990), highest denonimation note of the Inti | |
| ISO 4217 | |
| Code | PEI |
| Unit | |
| Plural | intis |
| Symbol | I/. |
| Denominations | |
| Superunit | |
| 1,000,000 | inti millón (I/m.) |
| Subunit | |
| 1⁄100 | céntimo |
| Banknotes | I/.10, I/.50, I/.100, I/.500, I/.1,000, I/.5,000, I/.10,000, I/.50,000, I/.100,000, I/.500,000, I/.1,000,000, I/.5,000,000 |
| Coins | 1, 5, 10, 20, 50 céntimos, I/.1, I/.5 |
| Demographics | |
| Date of introduction | 1 February 1985 |
| Replaced | Peruvian sol |
| Date of withdrawal | 1991 |
| Replaced by | Peruvian nuevo sol |
| User(s) |  Peru |
| Issuance | |
| Central bank | Central Reserve Bank of Peru |
| Website | www |
| Valuation | |
| Inflation | >12,000% |
| Value | 1000000 PEI = 1 PEN |
| This infobox shows the latest status before this currency was rendered obsolete. | |
The inti was the currency of Peru between 1985 and 1991. Its ISO 4217 code was PEI and its abbreviation was I/. The inti was divided into 100 céntimos. The inti replaced the inflation-stricken sol. The new currency was named after Inti, the Inca sun god.
History
[edit]The inti was introduced on 1 February 1985, replacing the sol de oro which had suffered from high inflation. One inti was equivalent to 1,000 soles de oro. Coins denominated in the new unit were put into circulation from May 1985 and banknotes followed in June of that year.
By 1990, the inti had itself suffered from high inflation. As an interim measure, from January to July 1991, the "inti millón" (I/m.) was used as a unit of account. One inti millón was equal to 1,000,000 intis and hence to one new sol. The nuevo sol ("new sol") was adopted on 1 July 1991, replacing the inti at an exchange rate of a million to one. Thus: 1 new sol = 1,000,000 intis = 1,000,000,000 soles de oro.
Inti notes and coins are no longer legal tender in Peru, nor can they be exchanged for notes and coins denominated in the current nuevo sol.
Inti million(I./.m.)
[edit]The Inti million was a currency unit adopted on 1st January 1991, by the Supreme Decree n.º 326-90-EF[1] accepted on 16th December 1990. This unit was in force until 1 July 1991. Both prices and accounting records were expressed in millions of Intis with all the zeros removed.[2]
For example: I/. 12,453,734 = I/.m. 12,45
Coins
[edit]Coins were introduced in 1985 in denominations of 1, 5, 10, 20, and 50 centimos (designs were taken from the previous 10, 50, 100, and 500 soles de oro coins), plus 1 and 5 intis. The 1 céntimo coin was issued only in 1985. The 5 céntimo coins were issued until 1986. All the other denominations were issued until 1988. All coins featured Navy Admiral Miguel Grau: cent coins on the reverse, Inti coins on the obverse.
Banknotes
[edit]In June 1985, notes were introduced in denominations of I/.10, I/.50 (taken from previous 10,000 and 50,000 soles de oro notes) and I/.100, followed by I/.500 in December of the same year. The next year, I/.1,000 notes were added, followed by I/.5,000 and I/.10,000 in 1988. 50,000 and I/.100,000 notes were added in 1989. I/.500,000 denominations were added early in 1990, I/.1,000,000 denominations were added in mid-1990, and I/.5,000,000 intis in August 1990. The obverses featured:
- I/.10 - Ricardo Palma, writer
- I/.50 - Nicolás de Piérola, President, finance minister
- I/.100 - Ramón Castilla, President, Army Marshal
- I/.500 - Túpac Amaru II, revolutionary leader
- I/.1,000 - Andrés Avelino Cáceres, President, Army Marshal
- I/.5,000 - Miguel Grau, Navy admiral
- I/.10,000 - César Vallejo, writer
- I/.50,000 - Víctor Raúl Haya de la Torre, politician
- I/.100,000 - Francisco Bolognesi, Army colonel
- I/.500,000 - Ricardo Palma, writer
- I/.1,000,000 - Hipólito Unanue, medical doctor, nationalist
- I/.5,000,000 - Antonio Raimondi, scientist
| Image | Value | Printed | Withdrawn | |
|---|---|---|---|---|
| Obverse | Reverse | |||
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10 Intis | 3rd April 1985(printed by De La Rue)
17th January 1986(printed by De La Rue) 26th June 1987(printed by Istituto Poligrafico e Zecca dello Stato) |
1 July 1991 |
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50 Intis | 3rd April 1985(printed by De La Rue)
6th March 1986(printed by De La Rue) 26th June 1987(printed by Casa da Moeda do Brasil) | |
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100 Intis | 1st February 1985(printed by Casa da Moeda do Brasil)
1st March 1985(printed by Casa da Moeda do Brasil) 6th March 1986(printed by Casa da Moeda do Brasil) 26th June 1987(printed by Bundesdruckerei) | |
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500 Intis | 1st March 1985(printed by Bundesdruckerei)[3]
6th March 1986(printed by Fábrica Nacional de Moneda y Timbre)[4] 26th June 1987(printed by Bundesdruckerei)[5] | |
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1,000 Intis | 6th March 1986(printed by De La Rue)
26th June 1987(printed by De La Rue) 28th June 1988(printed by De La Rue) | |
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5,000 Intis | 28th June 1988(printed by Giesecke & Devrient and Istituto Poligrafico e Zecca dello Stato)
9th September 1988(printed by De La Rue) | |
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10,000 Intis | 28th June 1988(first variant, printed by De La Rue)
28th June 1988(second variant, printed by Istituto Poligrafico e Zecca dello Stato) |
Disappeared from circulation in 1992 |
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50,000 Intis | 28th June 1988(first variant, printed by De La Rue)
28th June 1988(second variant printed by Istituto Poligrafico e Zecca dello Stato) | |
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100,000 Intis | 21st November 1988(printed by De La Rue)
21st December 1988(printed by De La Rue) 21st December 1989(printed by the Bank of Mexico) | |
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500,000 Intis | 21st November 1988(printed by De La Rue)
21st December 1988(printed by De La Rue) 21st December 1989(printed by the Bank of Mexico) | |
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1,000,000 Intis | 5 January 1990(printed by De La Rue) | |
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5,000,000 Intis | 5 January 1990(printed by the Bank of Mexico)
5 January 1991(printed by Istituto Poligrafico e Zecca dello Stato) | |
All banknotes were made by foreign companies and were ordered by the Central Reserve Bank of Peru. The name of the printers are seen on the backside of the note on the left side or right side of the down corner of the banknote. The last banknote of the Inti was the 5,000,000 Intis banknote which was first released in 1990, then a second variant(with covered watermarks) were printed in January 1991. By July 1, 1991, when the Nuevos Sol was introduced, the majority of the banknotes were withdrawn. Banknotes from 10,000 Intis(worth 0,01 Sol) to 5,000,000 Intis(5,00 Soles) were kept in circulation until it was discontinued in 1992, during the government of Alberto Fujimori.
See also
[edit]External links
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- ^ chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://cdn.www.gob.pe/uploads/document/file/2110589/ra0589-2017.pdf
- ^ https://www.bcrp.gob.pe/billetes-y-monedas/unidades-monetarias/inti.html
- ^ https://en.numista.com/catalogue/note203771.html
- ^ https://en.numista.com/catalogue/note212587.html
- ^ https://en.numista.com/catalogue/note203771.html