The
inti was the
currencyIn economics, currency refers to a generally accepted medium of exchange. These are usually the coins and banknotes of a particular government, which comprise the physical aspects of a nation's money supply...
of
PeruPeru , officially the Republic of Peru , is a country in western South America. It is bordered on the north by Ecuador and Colombia, on the east by Brazil, on the southeast by Bolivia, on the south by Chile, and on the west by the Pacific Ocean....
between 1985 and 1991. Its
ISO 4217ISO 4217 is a standard published by the International Standards Organization, which delineates currency designators, country codes , and references to minor units in three tables:* Table A.1 – Current currency & funds code list...
code was
PEI and its abbreviation in local use was "I/." The inti was divided into 100 céntimos. The inti replaced the inflation-stricken
solThe sol, was the currency of Peru between 1863 and 1985. It had the ISO 4217 currency code PEH. It was subdivided into 10 dineros or 100 centavos.-History:...
. The new currency was named after
IntiAccording to the Inca mythology, Inti is the sun god, as well a patron deity of the Inca Empire. His exact origin is not known. The most common story says he is the son of Viracocha, the god of civilization.- Worship :...
, the Inca sun god.
History
The inti was introduced on 1 February 1985, replacing the
solThe sol, was the currency of Peru between 1863 and 1985. It had the ISO 4217 currency code PEH. It was subdivided into 10 dineros or 100 centavos.-History:...
which had suffered from high inflation. One inti was equivalent to 1,000 soles. 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 en millones" (I/m.) was used as a unit of account. One inti en millones was equal to 1,000,000 intis and hence to one new sol. The
nuevo solThe nuevo sol plural: nuevos soles; currency sign: S/.) is the currency of Peru. It is subdivided into 100 cents, called céntimos in Spanish. The ISO 4217 currency code is PEN. It is most commonly referred to just as 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 inti = 1,000,000,000 old soles.
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.
Coins
Coins were introduced in 1985 in denominations of 1, 5, 10, 20 and 50 centimos, 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.
Banknotes
In June of 1985, notes were introduced in denominations of 10, 50 and 100 intis, followed by 500 intis in December of the same year. The next year, 1,000 intis notes were added, followed by 5,000 and 10,000 in 1988. 50,000 and 100,000 intis notes were added in 1989. 500,000 intis denominations were added early in 1990, 1 million intis denominations were added in mid-1990, and 5 million intis in August 1990. The obverses featured:
- 10 intis - Ricardo Palma
Manuel Ricardo Palma Soriano was a Peruvian author, scholar, librarian and politician. His magnum opus is the Tradiciones peruanas.- Biography :...
, writer
- 50 intis - Nicolás de Piérola
H.E. Don Jose Nicolás Baltasar Fernández de Piérola y Villena was a prominent Peruvian politician, the Finance Minister and twice President of the Republic of Peru .-Early years:Nicolás de Piérola was born and educated in the southern Peruvian city of Arequipa...
, President, finance minister
- 100 intis - Ramón Castilla
Ramón Castilla y Marquesado was a Peruvian caudillo and President of Peru four times. His earliest prominent appearance in Peruvian history began with his participation in a commanding role of the army of the Libertadores that helped Peru become an independent nation...
, President, Army Marshal
- 500 intis - Túpac Amaru II
Túpac Amaru II was a leader of an indigenous uprising in 1780 against the Spanish in Peru...
, revolutionary leader
- 1,000 intis - Andrés Avelino Cáceres
Andrés Avelino Cáceres Dorregaray was three times President of Peru during the 19th century, from 1884 to 1885, then from 1886 to 1890, and again from 1894 to 1895...
, President, Army Marshal
- 5,000 intis - Miguel Grau
Miguel María Grau Seminario was a renowned Peruvian naval officer and hero of the Naval Battle of Angamos during the War of the Pacific . He was known as the el Caballero de los Mares for his chivalry and is esteemed by both Peruvians and Chileans...
, Navy admiral
- 10,000 intis - César Vallejo
César Abraham Vallejo Mendoza was a Peruvian poet. Although he published only three books of poetry during his lifetime, he is considered one of the great poetic innovators of the 20th century in any language. Thomas Merton called him "the greatest universal poet since Dante"...
, writer
- 50,000 intis - Víctor Raúl Haya de la Torre
Víctor Raúl Haya de la Torre was a Peruvian political leader who founded the American Popular Revolutionary Alliance political movement.-Life:Haya de la Torre was born in the northern Peruvian city of Trujillo...
, politician
- 100,000 intis - Francisco Bolognesi
Francisco Bolognesi Cervantes was a Peruvian military hero. He is considered national hero in Peru and was declared patron of the Army of Peru by the government of Peru on January 2 of 1951.- Early life and education :...
, Army colonel
- 500,000 intis - Ricardo Palma, writer
- 1,000,000 intis - Hipólito Unanue
José Hipólito Unanue y Pavón was a physician and a Peruvian politician, active in politics in the early years after independence.-Early life:...
, medical doctor, nationalist
- 5,000,000 intis - Antonio Raimondi
Antonio Raimondi was a prominent Italian-born Peruvian geographer and scientist. Born in Milan, Raimondi emigrated to Peru, arriving on July 28, 1850 at the port of Callao. In 1851 he became a professor of natural history...
, scientist