Peruvian inti

Peruvian inti
inti peruano (Spanish)
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.bcrp.gob.pe
Valuation
Inflation	>12,000%
Value	1000000 PEI = 1 PEN
This infobox shows the latest status before this currency was rendered obsolete.

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.)

The Inti million was a currency unit adopted on 1 January 1991, by the Supreme Decree n.º 326-90-EF^[1] accepted on 16 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

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

More information Image, Value ...

Banknotes of the Peruvian Inti
Image		Value	Printed	Withdrawn
Obverse	Reverse	Value	Printed	Withdrawn
Ricardo Palma		10 Intis	3 April 1985(printed by De La Rue) 17 January 1986(printed by De La Rue) 26 June 1987(printed by Istituto Poligrafico e Zecca dello Stato)	1 July 1991
Nicolás de Piérola		50 Intis	3 April 1985(printed by De La Rue) 6 March 1986(printed by De La Rue) 26 June 1987(printed by Casa da Moeda do Brasil)
Ramón Castilla		100 Intis	1 February 1985(printed by Casa da Moeda do Brasil) 1 March 1985(printed by Casa da Moeda do Brasil) 6 March 1986(printed by Casa da Moeda do Brasil) 26 June 1987(printed by Bundesdruckerei)
Túpac Amaru II		500 Intis	1 March 1985(printed by Bundesdruckerei)^[3] 6 March 1986(printed by Fábrica Nacional de Moneda y Timbre)^[4] 26 June 1987(printed by Bundesdruckerei)^[5]
Andrés Avelino Cáceres		1,000 Intis	6 March 1986(printed by De La Rue) 26 June 1987(printed by De La Rue) 28 June 1988(printed by De La Rue)
Miguel Grau		5,000 Intis	28 June 1988(printed by Giesecke & Devrient and Istituto Poligrafico e Zecca dello Stato) 9 September 1988(printed by De La Rue)
César Vallejo		10,000 Intis	28 June 1988(first variant, printed by De La Rue) 28 June 1988(second variant, printed by Istituto Poligrafico e Zecca dello Stato)	Disappeared from circulation in 1992
Víctor Raúl Haya de la Torre		50,000 Intis	28 June 1988(first variant, printed by De La Rue) 28 June 1988(second variant printed by Istituto Poligrafico e Zecca dello Stato)
Francisco Bolognesi		100,000 Intis	21 November 1988(printed by De La Rue) 21 December 1988(printed by De La Rue) 21 December 1989(printed by the Bank of Mexico)
Ricardo Palma		500,000 Intis	21 November 1988(printed by De La Rue) 21 December 1988(printed by De La Rue) 21 December 1989(printed by the Bank of Mexico)
Hipólito Unanue		1,000,000 Intis	5 January 1990(printed by De La Rue)
Antonio Raimondi		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 1 July 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.^{[citation needed]}

History

Inti million(I./.m.)

Coins

Banknotes

See also

References

External links

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